HK Stock Market Move | PONY-W(02026) rose nearly 3% and started a cooperation 2.0 phase with BAIC New Energy to develop L4 level autonomous driving vehicles.

PONY-W (02026) rose nearly 3%, at the time of publication, it rose 2.4%, reporting 128.1 Hong Kong dollars, with a trading volume of 16.4085 million Hong Kong dollars. On the news front, according to the official WeChat account of Pony.ai, recently, Pony.ai and BAIC New Energy announced that they have officially reached a comprehensive and deep strategic cooperation agreement, opening up the cooperation 2.0 phase. Based on the successful experience of large-scale production and operation of L4-level Robotaxi, the two parties will expand the breadth and depth of cooperation, focusing on the industrialization, commercialization, and globalization of autonomous driving. Pony.ai and BAIC New Energy will expand the successful model of L4-level Robotaxi field to product, technology, market, and other dimensions. In terms of product co-creation, the cooperation will achieve a leap from "single model" to "comprehensive spectrum", based on the production experience of the Jaguar Alpha T5 Robotaxi, actively developing L4-level autonomous driving models, creating a richer Robotaxi product matrix; and will extend the verified product experience and technical solutions to the high-end intelligent driving models in the passenger car market, based on the standard of "pre-assembled mass producibility", realizing the highly integrated strategic resources.