Thematic Investing - Q1 2026 Summary Industry and Company Overview - **Industry Focus**: The report centers on thematic investing across various sectors, highlighting trends and companies that are positioned to benefit from these themes. - **Key Companies Mentioned**: - WeRide (L4 autonomous vehicles) - Klarna (buy now pay later, fintech) - BETA (electric aviation) - DEWA (UAE's largest electricity & water provider) - Chery Auto (China EVs) - Others include Masimo, Scholar Rock, and more [2][14] Core Insights and Arguments - **Thematic Additions**: New companies added to the thematic stock list include WeRide, Klarna, InnoScience, BETA, and DEWA, indicating a focus on innovation in autonomous vehicles, fintech, and renewable energy [2][15]. - **Private Capital Growth**: The report notes that if private capital AUM were a country, it would be the world's second-largest economy, with a combined valuation of $1.5 trillion from 16 transformative companies, representing over 1% of global GDP [3]. - **Investment Themes**: The report categorizes various investment themes such as: - **Energy Efficiency**: Projected investments of $8-14 trillion over the next 20 years across multiple sectors [9]. - **Future Mobility**: A $1.5 trillion market opportunity by 2030 in electric, autonomous, connected, and shared mobility [9]. - **Climate Change**: Emphasizes the transition to net zero and the associated investment opportunities [9]. Important but Overlooked Content - **Thematic Exposure**: Companies are characterized based on their exposure to themes, categorized as Low, Medium, or High, which impacts their growth potential [11][13]. - **Market Dynamics**: The report highlights the importance of tracking theme-related exposure as a long-term growth driver, despite the challenges in linking thematic exposure directly to share price performance [11]. - **Additions and Deletions**: The report provides a detailed list of companies added and removed from the thematic stock list, indicating shifts in market focus and investment strategies [14][15]. Conclusion - The Q1 2026 thematic investing report provides a comprehensive overview of emerging trends and companies that are expected to drive significant growth in various sectors. The focus on innovative technologies and sustainable practices reflects broader market shifts towards a more transformative economic landscape.

Core Insights - Pony AI Inc. is collaborating with Stellantis to develop Level 4 autonomous vehicles for the European market, focusing on light commercial vehicles [1][2][3] - The partnership will begin with test vehicles based on the Peugeot e-Traveller model in Luxembourg, with plans for a broader launch across Europe starting in 2026 [2] - The integration of Stellantis' autonomous driving-ready platform with Pony AI's technology aims to create smart and sustainable mobility solutions [3][4] Company Overview - Pony AI Inc. is a Chinese autonomous mobility company founded in 2016, specializing in robotaxi services, vehicle integration, engineering, and road-testing services [4] - The company is dedicated to developing safe and efficient autonomous driving technology [4]