00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Pony.ai and Dubai's Roads and Transport Authority held a robo-taxi unveiling ceremony in Dubai to formalize their partnership in advancing L4 autonomous vehicle deployment.
00:12Initial supervised trials are set to begin in late 2025, with a fully driverless service plan later in the decade, according to Benzinga.
00:19Companies expanded globally by securing robo-taxi permits in the U.S., China, South Korea, and Luxembourg.
00:24The company went public on the NASDAQ in November 2024, raising $413 million.
00:30It aims to launch service by mid-2025, with 700 vehicles by year-end.
00:34Pony.ai also partnered with Uber to expand robo-taxi operations in the Middle East.
00:39Shares are not over 15% year-to-date amid regulatory challenges and U.S.-China tensions.
00:44For all things money, visit Benzinga.com.
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