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<IPO>PONY-W James Peng: Fleet Size to Expand to 50K Vehicles by 2028 at Earliest w/ Free Cash Flow Turning Positive by Then
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PONY-W (02026.HK)(PONY.US) listed in Hong Kong this morning. Founder and CEO of the Company, James Peng, said in an interview that PONY-W's 7th-generation autonomous driving vehicles commenced operations in Beijing, Guangzhou and Shenzhen, with each vehicle now achieving positive gross profit, signifying that future fleet scale expansion will not incur losses. PONY-W has not disclosed the deployment scale for its seventh-generation driverless cars. However, Peng emphasized that the Company will continue to produce and deploy new vehicles. Peng anticipated that the Company will achieve positive free cash flow once its fleet scale reaches 50,000 vehicles by 2028-2029, though the actual outcome remains contingent upon prevailing market conditions, regulation and production circumstances at that time. When asked about the Company's earlier criticism from WERIDE-W (00800.HK)(WRD.US) and BIDU-SW (09888.HK(BIDU.US), he responded that the industry remains in its early stages of rapid development, with immense market potential sufficient to accommodate all participants. Therefore, the Company should not waste energy on this matter, choosing instead to laugh off the incident. Peng welcomed intensified market competition, and believed that the fiercer the competition, the more vigorous the development will be. AAStocks Financial News Website: www.aastocks.com |
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