U.S. Stock Movement | XPeng rises nearly 8% as it aims for a fleet of 1,000 vehicles and achieves breakeven for individual vehicles
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On Friday, Pony AI rose nearly 8%, closing at $19.29. In terms of news, Pony AI announced the launch of its 300th jointly manufactured ARCFOX Alpha T5 autonomous taxi—this significant production milestone accelerates the company's progress towards large-scale deployment and commercialization. With the seventh-generation Robotaxi fleet steadily in production and rollout, Pony AI is moving towards its year-end goal: expanding its fleet to 1,000 vehicles and achieving breakeven on a per-vehicle economic basis. Additionally, it has been reported that Pony AI plans to go public in Hong Kong within two weeks, aiming to raise over $500 million
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