Why Pony AI Stock Zoomed Almost 13% Higher on Monday
If done right, a new manufacturing tie-up could save the company a great deal of capital.Investors collectively pushed the acceleration pedal on Pony AI (PONY +12.51%) on Monday. They sent the Chinese autonomous driving stock nearly 13% higher on the day, thanks to the company's announcement of a promising business collaboration.An big outsourcing moveThat morning, Pony AI announced that it had expanded its existing partnership with next-generation Chinese transportation hardware company Sunlight Mobility. ...