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Pony AI (PONY) Enters Singapore Market By Partnering With ComfortDelGro
Yahoo Financeยท 2025-09-30 08:13
Group 1 - Pony AI Inc. (NASDAQ:PONY) is recognized as a promising technology stock by hedge funds, recently entering the Singapore market through a partnership with ComfortDelGro, a major transportation service provider in Singapore [1][3]. - The partnership aims to launch autonomous vehicle services in the Punggol area, aligning with Singapore's strategy to integrate autonomous vehicles with existing transportation systems, addressing driver shortages during off-peak hours [2][3]. - Pony AI specializes in autonomous driving technology, operating three main business segments: robotaxi services, robotruck services, and licensing smart driving solutions [4]. Group 2 - The collaboration between Pony AI and ComfortDelGro began with a Memorandum of Understanding in July 2024, followed by a successful pilot program in Guangzhou in March 2025, with the service launch anticipated after obtaining regulatory approvals [3].