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<Research>CMSI Initiates Coverage on PONY-W (02026.HK) w/ Rating Overweight as L4 Pioneer
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PONY-W (02026.HK) is a pioneer in the L4 segment, with technology and commercialization capabilities forming a moat, according to CMSI's research report. Leveraging world models and virtual driver technology, the Company has deeply cultivated the L4 domain and achieved substantial breakthroughs in commercial applications, especially with the positive profit achieved by a robotaxi in Guangzhou in 3Q25, marking a milestone in its commercialization. Therefore, the broker initiated coverage on PONY-W's H-shares, with rating at Overweight. PONY-W, with its first-mover advantage and industry position, holds a significant market share in autonomous driving mobility services and autonomous trucks, CMSI added. With the accelerated deployment of the seventh-generation models and fleet expansion, strong growth momentum is expected to continue. AASTOCKS Financial News Website: www.aastocks.com |
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