Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0742 GMT – Pony AI will likely turn profitable in 2028, UOB Kay Hian analysts write in a note. The company’s coming earnings will be driven by robotaxi fleet expansion and hardware cost reduction, they say. The company’s fleet expansion will help boost its gross margin. Meanwhile, Pony AI’s management expects a further 20% cost reduction next year, which will also help support the company’s profitability. Pony AI’s pivot to an asset-light method and collaboration with Sunlight Mobility will also help support the company’s earnings growth, they add. UOB Kay Hian maintains its buy rating on the stock with target prices at $26.10 and HK$203.60. Shares last at $13.45 and HK$107.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)