Company Overview - Jefferies initiated coverage on Pony AI Inc. with a Buy rating and a price target of $32.80, emphasizing the company's strong competitive position in China's rapidly scaling robotaxi market [1] Industry Insights - China's autonomous mobility industry is transitioning from pilot programs to large-scale deployment, with the total addressable market expected to reach RMB 52 billion by 2030 [2] - Analysts noted that Pony AI's regulatory leadership, cost-reduction roadmap, and vertically integrated technology stack across automakers, transport networks, and system innovation are key differentiators [2] Competitive Positioning - Pony AI is well-positioned to benefit from network effects and margin expansion as autonomous driving adoption accelerates [3] - The firm projected that Pony AI could capture up to 30% of China's domestic robotaxi market over the long term [3]
Jefferies Initiates Pony AI With Buy Rating on Autonomous Growth Potential