小马智行，港股IPO新消息

Core Insights - Pony AI Inc. has successfully passed the Hong Kong Stock Exchange hearing and disclosed post-hearing information, with Goldman Sachs, Bank of America, Deutsche Bank, and Huatai International serving as joint sponsors [1] Company Overview - Founded in 2016, Pony AI is an autonomous driving service company focusing on autonomous ride-hailing services, autonomous trucking services, and technology licensing and application [4] - The company has seen continuous revenue growth, particularly in the first half of 2025, achieving revenue of $35.43 million (approximately 254 million RMB), a year-on-year increase of 43.3% [5] Financial Performance - The core business of autonomous ride-hailing (Robotaxi) showed remarkable performance, with revenue reaching $3.26 million (approximately 23.19 million RMB) in the first half of 2025, a significant year-on-year increase of 178.8% [5] - Revenue breakdown for 2022 to 2025 indicates a steady increase across various segments, with autonomous ride-hailing services and autonomous trucking services contributing significantly to total revenue [6] Market Expansion - In 2023, Pony AI has been active in international expansion, obtaining licenses in Luxembourg and Dubai, and partnering with Singapore's transport service provider to deploy autonomous vehicles [6] - A memorandum of understanding was signed with Stellantis to accelerate the development and deployment of autonomous vehicle solutions in Europe [6] Investment Interest - Since its listing on the US stock market, Pony AI has attracted investments from several prominent institutions, including Baillie Gifford, Baron Capital, ARK Invest, Wellington Management, and Fidelity Management & Research [7] Technological Advancements - The company is advancing towards large-scale commercialization of Level 4 autonomous vehicles, with significant operational capabilities being tested in major cities [8][9] - The seventh generation of autonomous taxis has been launched, utilizing 100% automotive-grade components and achieving a 70% reduction in autonomous driving kit costs compared to previous generations [13]