US stocks are moving; Pony.ai (PONY.US) rises more than 6% as UBS initiates coverage with a "buy" rating.

Zhtng Cijng APP learned that on Wednesday, the stock price of Pony.ai (PONY.US) rose significantly, with the stock up over 6% to $14.76 as of the time of publication. Analyst Paul Gong from UBS covered the company for the first time on August 4th, giving it a "buy" rating with a target price of $20. In the research report, UBS pointed out that Pony.ai has a leading advantage in the commercialization of autonomous taxis in China, especially in the four major cities of Beijing, Shanghai, Guangzhou, and Shenzhen. Pony.ai is the only company that has achieved "autonomous driving + fee-based operation" in these cities, demonstrating its maturity in technology and policy coordination.