Pony AI launches pilot program in Beijing, testing self-driving cars made by Beijing Automotive Industry Corp. Stock surges over 7% on news, outperforming S&P 500. Company aims to expand autonomous fleet to 1,000 cars by year-end for future commercial launch. Chinese authorities’ support may lead to success.

Vehicles powered by Pony AI’s technology and manufactured by BAIC tested in Beijing’s High-Level Autonomous Driving Demonstration Zone. Live testing also conducted in Guangzhou, Shenzhen. Company sees multi-city rollout as showcasing system’s stability and adaptability across different urban environments. Goal of 1,000 autonomous vehicles by year-end.

Pony AI’s recent pilot project launch in China propels stock higher, highlighting company’s progress in autonomous driving technology. With successful testing in various cities, Pony AI aims for large-scale commercial launch in the near future. Investors bullish on potential success in growing market.

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