US Stock Market Move | Little Pony Intelligent Driving (PONY.US) rises by nearly 4%. China's first batch of L3 level autonomous driving vehicle models have been granted access permits.

On Tuesday, PONY.US rose nearly 4%, to $14.12. On the news front, on December 15th, China's first batch of L3 conditional autonomous driving vehicle models were officially announced, including the Changan SC7000AAARBEV pure electric sedan and the Jihoo BJ7001A61NBEV pure electric sedan. These two models will conduct on-road trials in Beijing and Chongqing, marking the transition of L3 level autonomous driving from the testing stage to commercial application. In the first three quarters of this year, PONY.US has accumulated revenue of $60.87 million, a year-on-year increase of 54.1%. Among them, revenue from autonomous driving travel services (Robotaxi) reached $9.95 million, a year-on-year increase of 111.7%; revenue from technology licensing and application business reached $23.443 million, a significant increase of 216.8%; revenue from autonomous driving truck services remained robust, with revenue of $27.483 million, essentially flat from the same period last year. Based on the vision of the Robotaxi fleet surpassing 100,000 vehicles by 2030, the management of PONY.US expects the company to achieve break-even before 2030.