Why Shares of Pony AI Blasted 70% Higher This Week | The Motley Fool

Since last Friday, shares of Pony AI (PONY 35.54%), a China-based autonomous vehicle company, have blasted over 70% higher, as of 1:38 p.m. ET Thursday. The company recently rolled out its seventh-generation autonomous driving system at the auto show in Shanghai.

A more integrated and cheaper autonomous vehicle

Investors are clearly impressed by Pony AI’s robotaxis, which are backed by Toyota. Management claims Pony’s vehicles are 20% to 30% cheaper to make…