小马智行：管理层调研：车队规模扩张；与车队运营商合作推行轻资产模式；买入

We hosted Pony AI management on Jan 15 at the GS Tech AI Outlook Corp Day in Hong Kong. Management mentioned that the ADK cost reduction for Pony AI's Gen 7 Robotaxi supported the company's unit economics break-even in Guangzhou, and the company aims to expand the fleet size to 3,000 Robotaxis by the end of 2026, along with its asset-light business model, driving the overall efficiency of the company. Pony AI is also expanding to overseas markets, focusing on the collaboration with local operators. We remai ...