Pony AI (PONY.O): Robotaxi Licenses Resume in China; Positive for Pony and Peers

Research evidence excerpt

Pony AI (PONY.O): Robotaxi Licenses Resume in China; Positive for Pony and Peers

Pony AI (PONY.O)

24 July 2026 Citi Research

Citigroup Global Markets Inc. or its affiliates received compensation for products and services other than investment banking

services from Hesai Group,Horizon Robotics,JD.com,XPeng in the past 12 months.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as investment

banking client(s): JD.com,XPeng.

Citigroup Global Markets Inc. or its affiliates currently has, or had within the past 12 months, the following as clients, and the

services provided were non-investment-banking, securities-related: Hesai Group,JD.com,XPeng.

services provided were non-investment-banking, non-securities-related: Hesai Group,Horizon Robotics,JD.com,XPeng.

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