Mercedes is preparing to invest in Qianli, a developer of autonomous-driving systems, to bolster its software capabilities in China https://t.co/ROBDe0zkKd ...

自动驾驶技术在 长尾场景（低频率、高风险的安全关键场景） 中表现仍存在显著短板——这类场景虽不常见，却占自动驾驶事故的很大比例，且会导致驾驶员 接管率急剧上升。 传统模块化自动驾驶系统（感知-预测-规划分阶段）存在"误差累积"问题：各阶段的微小误差会逐步放大，导致整体性能难以提升；而端到端方法直接将传感器 输入映射为控制动作或者自车的轨迹，具备更强的适应性和统一优化能力，被认为是解决长尾场景问题的潜在方向。 而当前端到端方法主要分为两类，但均无法很好应对长尾场景： CoReVLA 核心设计："Collect-and-Refine"双阶段框架 为解决上述问题，CoReVLA提出 持续学习的双阶段框架 ，通过"数据收集（Collect）"与"行为优化（Refine）"循环，提升长尾场景下的决策能力。整体流程如 figure 1所示，分为预阶段（SFT）、第一阶段（接管数据收集）、第二阶段（DPO优化）三部分。 预阶段：基于QA数据的监督微调（SFT） 此阶段的目标是让VLA模型建立自动驾驶领域的基础认知，为后续长尾场景学习铺垫。 $${\mathcal{L}}_{S F T}=-\sum_{i=1}^{N}\su ...

One pundit tracking the autonomous driving specialist published a bullish update.Chinese autonomous driving tech company Pony AI (PONY 3.84%) motored well higher on the stock exchange Tuesday. On the back of a fresh analyst update, investors crowded into the stock to leave it with a gain of nearly 4% the trading session. That contrasted with the trajectory of the benchmark S&P 500 index, which moved in reverse with a 0.6% decline on the day.Ramping up service hours and road testingWell before market open, G ...

RT Tesla Owners Silicon Valley (@teslaownersSV)🤯 Tesla @robotaxi gets cut off, handles situation flawlessly!! https://t.co/ATolgrgs32 ...

Summary of Pony AI Inc. (PONY) Conference Call Company Overview - **Company**: Pony AI Inc. (PONY) - **Industry**: Autonomous Vehicle Technology, specifically focusing on Robotaxi services Key Points Business Expansion and Operations - Pony AI has initiated road testing of its Gen-7 Robotaxi in major Chinese cities including Beijing, Guangzhou, and Shenzhen [1] - The company has expanded its Robotaxi services from 15 hours per day to full 24/7 coverage in select areas [1] - Commercialization of fully-driverless Robotaxi services has begun in Shanghai's Pudong New area [1] - The company aims to scale its fleet to 1,000 vehicles by the end of 2025 [1] - Global expansion includes Robotaxi deployment in Qatar and a partnership with ComfortDelGro to enter the Singapore market [1][2] Financial Projections and Earnings Revision - Revenue projections for 2025-2032 have been revised upwards by 1% to 5%, primarily due to increased Robotaxi revenues from longer operating hours and expanded service areas [3] - Gross Margin (GM) is expected to change by -0.3 to 1.8 percentage points during the same period, influenced by product mix changes [3] - Operating Expense (Opex) ratio is revised down by 0.1 to 10.5 percentage points, reflecting improved operational efficiency [3] Target Price and Valuation - The 12-month target price for Pony AI has been revised to US$27.7 from US$24.5, based on a discounted EV/EBITDA method [7] - A 15x EV/EBITDA multiple is applied for the 2031E estimate, reflecting a correlation with EBITDA growth among global peers [7][12] - The target price reflects a potential upside of 33.8% from the current price of US$20.71 [14] Market Dynamics and Risks - The Singapore Ministry of Transport has set a target to deploy autonomous vehicles in public housing estates by the end of 2025, which is favorable for Robotaxi suppliers [2] - Key risks identified include regulatory challenges, supply chain issues, market growth for Robotaxis, personal information concerns, infrastructure readiness, pricing competition, and product liability [13] Financial Metrics - Projected revenues for 2025E are US$81 million, with a growth trajectory leading to US$3.941 billion by 2032E [8] - The company is expected to achieve a net income of US$631 million by 2030E, with a significant improvement in margins over the years [8] Conclusion - Pony AI is positioned for significant growth in the autonomous vehicle sector, with strategic expansions and improved financial metrics. The revised target price and positive market conditions suggest a favorable investment opportunity, albeit with inherent risks associated with the industry.

stock surged back near an all-time high as the company announced plans to invest up to $100 billion in The Nvidia OpenAI deal represents one of the largest artificial intelligence investments, combining OpenAI's development capabilities with Nvidia's semiconductor technology for data center construction.Also read: Tesla stock reaches 2025 high amid self-driving focusTesla stock was positioned to close Monday at a 2025 high as investors anticipated the company's self-driving future and new product developme ...

Financial Data and Key Metrics Changes - Revenue increased by 70% from $8.4 million in H1 2024 to $14.3 million in H1 2025, primarily due to the monetization of the ride-hailing service [18][20] - Adjusted EBITDA improved from negative $11.3 million in H1 2024 to negative $6 million in H1 2025, indicating a significant reduction in operating losses [20] - Cost of revenues decreased by 25% from $9.9 million in H1 2024 to $7.4 million in H1 2025, reflecting efficiency measures [18][20] Business Line Data and Key Metrics Changes - Unique ride-hailing riders grew from 1.1 million to 2.3 million year-over-year, a 107% increase [10][17] - Registered ride-hailing drivers increased from 171,000 to 327,000, a 92% increase [10][17] - Average daily two-wheeled electric vehicles deployed decreased from 34.6 thousand to 24.8 thousand due to fleet decommissioning [18] Market Data and Key Metrics Changes - The company expanded its operations to six new metropolitan areas, increasing its reach to 10 cities, covering approximately half of Türkiye's population [6][7] - The share of riders based outside Istanbul grew from 13% to 24%, indicating strong demand in secondary markets [36][37] Company Strategy and Development Direction - The company is focusing on ride-hailing as its primary business model, transitioning from two-wheeled electric vehicles to capture the growing mobility market in Türkiye [3][4] - A significant investment plan for 2025-2026 aims to enhance operational capabilities and expand into new cities [6][21] - The introduction of AI engineering teams is expected to optimize pricing and improve rider and driver experiences [28][30] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving nearly double revenue from $18.7 million in 2024 to $34 million in 2025, driven by ride-hailing growth [4][20] - The company anticipates capturing a $3 billion annual revenue opportunity in the ride-hailing market as it scales operations [11][13] - Management highlighted the importance of local market knowledge and operational advantages in competing against global players [6] Other Important Information - The company is the largest electric vehicle operator in Türkiye and the number one urban mobility app on both iOS and Android [5] - The app redesign has improved user engagement, with weekly and monthly active users increasing by 16% and 12%, respectively [9] Q&A Session Summary Question: What is the target level for two-wheeled electric vehicles? - Management indicated that two-wheeled electric vehicles are integral to the service offering and will be reevaluated in summer 2026 based on customer needs and traffic to ride-hailing [24][25] Question: How is driver supply being managed? - There are no constraints in onboarding additional drivers, with driver acquisition costs being recouped within a month of service [27] Question: What are the current take rates compared to global benchmarks? - Current take rates are in the high single digits, with significant upside potential for future increases [34] Question: How does the company view growth versus profitability? - The company is prioritizing growth while maintaining low take rates to capture market share, with plans to optimize profitability in the future [42][43] Question: What is the regulatory environment for ride-hailing in Türkiye? - The company believes it is well-positioned to introduce and regulate new transportation services in Türkiye [49] Question: How is the company approaching its crypto treasury strategy? - The strategy involves diversifying non-operating cash into USD and Bitcoin as a store of value, with the majority still held in USD [52]

Core Viewpoint - Lyft's stock experienced a significant increase following the announcement of a partnership with Waymo to launch an autonomous ride-hailing service in Nashville by 2026, indicating strong market confidence in Lyft's future prospects [1][2]. Partnership Implications - The partnership with Waymo, a leader in autonomous driving technology, positions Lyft favorably in the robotaxi market, as Waymo currently provides over 250,000 paid robotaxi rides weekly [2][3]. - Lyft's collaboration with Waymo suggests that it is seen as a worthy partner rather than a competitor, leveraging its substantial ride-hailing market share [3][4]. Competitive Landscape - Despite the positive partnership, Waymo's ability to operate independently in Nashville raises concerns about the long-term significance of the collaboration [4]. - Lyft's market position is challenged by competitors like Uber, which had gross mobility bookings of $23.7 billion compared to Lyft's $4.5 billion [5][6]. Analyst Sentiment - Following the partnership announcement, analysts raised their price targets for Lyft, with an average increase of 38%, although the consensus price target remains at $18.30, indicating a potential downside of approximately 17% from recent closing prices [7][8]. - Only a few analysts have price targets above Lyft's recent closing price, suggesting that many view the stock as overvalued [9]. Long-term Challenges - Lyft faces significant competition from established players like Uber and new entrants such as Tesla and Amazon's Zoox, which could threaten its market share [10]. - The company has not diversified into food delivery, a sector where Uber has seen substantial success, making it difficult for Lyft to compete effectively [11].

Getty Images Listen below or on the go on Apple Podcasts and Spotify Berkshire Hathaway (BRK.B) exits China's BYD after 17 years. (00:23) Nissan's (OTCPK:NSANY) latest ProPilot driving assist to rival Tesla's FSD (TSLA). (01:29) Hamburger Helper sales are said to jump as shoppers seek value. (02:39) This is an abridged transcript. Berkshire Hathaway (NYSE:BRK.B) has ended a 17-year investment. It has fully exited Chinese electric vehicle maker BYD (OTCPK:BYDDF). This investment was recommended by War ...

Group 1: Berkshire Hathaway and BYD - Berkshire Hathaway has fully exited its 17-year investment in Chinese electric vehicle maker BYD, marking the end of a significant partnership [2][3] - The investment was initially recommended by Charlie Munger, and BYD's shares fell approximately 3% following the news of the exit [3] - Berkshire Hathaway's investment value in BYD was reported as zero as of March 31, down from $415 million at the end of 2024, after initially investing $230 million for a 10% stake in 2008 [4] Group 2: Nissan's ProPilot System - Nissan is set to launch an updated version of its ProPilot driver-assist system in collaboration with UK-based Wayve Technologies, aiming to compete with Tesla's Full Self-Driving (FSD) [5][6] - The new system will still operate at Level 2 autonomy, requiring driver readiness to take control, with a rollout expected by March 2028 [6] - Nissan emphasizes safety features, including driver monitoring through internal cameras, and plans to introduce an autonomous vehicle ride-share service by 2027 [8][9] Group 3: Hamburger Helper Sales - Hamburger Helper has seen a sales increase of 14.5% in the year through August, attributed to consumers seeking budget-friendly meal options amid rising grocery prices [10][11] - The product's resurgence mirrors its popularity during the inflationary period of the 1970s, as consumers are also purchasing more economical food items like beans and rice [11]