This is a Tesla competitor that enhances robotics in the Middle East. Should you buy its stock here?

Pony Ai (Pony) accelerates its global expansion through a strategic partnership to spread robotics in Qatar, which is a major landmark in the ambitious company arrangement of independent vehicles across the Middle East. Earlier this week, Pony Ai announced a partnership with Mwasalat (Karwa), the largest transportation presenter in Qatar, to test robotics on public roads in Doha.

This cooperation follows the existence of the current Pony AI in Dubai, which is a basic step towards seeing the “independent movement everywhere” of the company. The initial testing stage includes safety operators, as technology adapts to unique driving conditions in Qatar, weather patterns and infrastructure.

This pony partnership provides AI access to a market preparing for major infrastructure investments and smart city initiatives.

Pony AI expansion comes as it shows impressive operational standards. More than 200 Gen-7 Robotaxis has launched from the production lines since the start of the huge production, as the company targeted 1,000 cars by the end of the year.

Fare shipping revenue increased by more than 300 % on an annual basis (YOY) in the second quarter, while total revenue increased by 76 %. Pony Ai is now running fully driver services in all Tier-One cities in the four China and recently launched coverage around the clock throughout the week in certain areas. In the quarter of June, registered users increased by 136 % on an annual basis, indicating the adoption of the strong consumer.

The China -based company, based in China, has achieved technological distinction by reaching what the administration calls the “third stage” to develop level 4 (L4), as it runs hundreds of vehicles without a fully driver on a large scale.

This dowry distinguishes artificial intelligence from competitors who still require safety operators. It shows a 70 % decrease in the bill costs for the materials of GEN-7 vehicles, meaningful towards the economies of the vibrant unit, while operating improvements, such as a remote assistant rate of 1:30, show clear paths of profitability. The concentration of management on safety, repetition, and strict engineering practices gives credibility, given more than 2 million kilometers of accident -free leadership.