Business
Pony AI CEO Hints at Possible Sale of US Operations Amid Market Shift

Pony AI Inc (NASDAQ: PONY) is not actively marketing its US operations for sale, but the possibility remains open. In an interview with CNBC, CEO James Peng stated, “I wouldn’t say we’re open, but if it’s a possibility, we might consider.” His comments come on the heels of speculation that Uber and co-founder Travis Kalanick may be interested in acquiring PONY assets in the United States.
Although Pony AI has its roots in Silicon Valley, the company is currently shifting its focus away from large-scale commercial operations in the US. Instead, the US office prioritizes research and development, a move that seems influenced by regulatory challenges and geopolitical tensions. Peng noted that these factors have led the firm to explore various operational strategies in different geographical markets.
Despite the downturn in PONY’s stock, which has dropped approximately 45% from its year-to-date high in late May, the company is not abandoning the US entirely. Peng emphasized that the United States remains “a very integral part” of the firm’s strategy, albeit with a cautious approach.
Strategic Focus on Global Expansion
Pony AI is poised for international growth, with Dubai emerging as a pivotal launchpad. The city’s strong government support and high demand for shared mobility have made it an attractive market for the company’s autonomous vehicle initiatives. Peng highlighted this during his interview, stating, “Dubai turns out to be one of the very friendly governments with a push for supporting autonomous driving.” A partnership with Dubai’s Roads and Transport Authority is expected to facilitate unmanned commercial operations as early as 2024.
In addition to Dubai, Pony AI is also expanding its fleets into South Korea and Luxembourg, while continuing to evaluate other potential markets. Peng underscored the importance of early entry and collaboration with local entities, noting, “It’s always good to be there early to gain close collaboration with local players and governments.”
IPO Considerations in Hong Kong
As Pony AI continues its global expansion, the company is seriously contemplating a listing on the Hong Kong exchange. Peng described the IPO market in Hong Kong as “very much alive this year and booming,” recognizing its strategic proximity to China as advantageous. He mentioned that many investors are keen to access a market close to the company’s home base.
While no official plans for a listing have been put forward, Peng confirmed that the firm is “exploring the possibilities” of a primary or secondary listing in Hong Kong. This move could provide the financial resources and investor visibility necessary to accelerate Pony AI’s ambitions in the competitive autonomous vehicle sector.
Currently, Wall Street analysts maintain a consensus “buy” rating on Pony AI, reflecting optimism about the company’s future despite recent stock fluctuations. As the autonomous vehicle market continues to evolve, Pony AI’s strategic decisions will play a crucial role in shaping its trajectory in both the US and international arenas.

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