Pony.ai Europe Secures Luxembourg Robotaxi Testing Permit
This milestone follows the company's establishment of Luxembourg as a European hub for research, development, and deployment. The initiative aims to accelerate autonomous driving innovation and integrate self-driving technologies into the country's next-generation transportation network.
Luxembourg's Minister for Mobility and Public Works Yuriko Backes said: "The issuance of the testing permit marks an important milestone for the future of mobility. Autonomous driving is a major innovation that can transform our daily lives. The government is pleased to support companies like Pony.ai in their quest for new technologies and is committed to supporting initiatives that aim to make mobility safer and more efficient."
Under the newly granted permit, Pony.ai will commence on-road testing in collaboration with Emile Weber, Luxembourg's premier mobility solutions provider. The collaboration leverages Emile Weber's expertise in delivering integrated mobility solutions across public transit, private transportation, and tourism sectors.
Dr. James Peng, Co-founder and CEO of Pony.ai, commented: "Pony.ai is honored to be among the first companies awarded a permit for autonomous vehicle testing in Luxembourg. Establishing our European hub in Luxembourg reinforces our commitment to making it the leading destination for autonomous mobility in Europe. This commitment is further strengthened through our partnership with Emile Weber, one of the region's most respected transportation providers."
About Pony.ai Europe
Pony.ai Europe (Pony.ai Europe S.à r.l.) is the European division of Pony.ai, a global leader in autonomous driving technology. Headquartered in Luxembourg, the company is well-positioned to expand its cutting-edge autonomous mobility solutions across Europe. Luxembourg's status as an innovation hub provides an ideal environment for Pony.ai to advance its research and operations.
About Pony.ai
Pony AI Inc. ("Pony.ai") (NASDAQ: PONY) is a global leader in the large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology – a full-stack autonomous driving technology that seamlessly integrates its proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases.
Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East, and other regions, ensuring widespread accessibility to its advanced technology. Pony.ai is among the first in China to obtain licenses to operate fully driverless vehicles in all four Tier-1 cities in China (Beijing, Guangzhou, Shanghai, Shenzhen) and has begun to offer public-facing, fare-charging robotaxi services without safety drivers in Beijing, Guangzhou and Shenzhen. Pony.ai operates a fleet consisting of over 250 robotaxis. To date, Pony.ai has driven nearly 25 million miles (40 million Kilometers) on open roads worldwide.
Media ContactMedia@pony.ai
View original content:https://www.prnewswire.com/news-releases/ponyai-europe-secures-luxembourg-robotaxi-testing-permit-302419742.html
SOURCE Pony.ai
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Estimating The Intrinsic Value Of Xcel Energy Inc. (NASDAQ:XEL)
Key Insights The projected fair value for Xcel Energy is US$72.16 based on Dividend Discount Model Current share price of US$73.47 suggests Xcel Energy is potentially trading close to its fair value Analyst price target for XEL is US$76.93, which is 6.6% above our fair value estimate How far off is Xcel Energy Inc. (NASDAQ:XEL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Method We have to calculate the value of Xcel Energy slightly differently to other stocks because it is a electric utilities company. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.9%. We then discount this figure to today's value at a cost of equity of 6.4%. Relative to the current share price of US$73.5, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = US$2.5 / (6.4% – 2.9%) = US$72.2 The Assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Xcel Energy as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.4%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Xcel Energy SWOT Analysis for Xcel Energy Strength Earnings growth over the past year exceeded the industry. Weakness Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Electric Utilities market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the American market. Moving On: Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Xcel Energy, there are three additional factors you should look at: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Xcel Energy (at least 1 which is a bit concerning) , and understanding these should be part of your investment process. Future Earnings: How does XEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NASDAQGS every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
21 minutes ago
- Yahoo
Trip.com Group (NASDAQ:TCOM) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Group (NASDAQ:TCOM) looks quite promising in regards to its trends of return on capital. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.084 = CN¥14b ÷ (CN¥248b - CN¥77b) (Based on the trailing twelve months to March 2025). So, Group has an ROCE of 8.4%. On its own, that's a low figure but it's around the 10% average generated by the Hospitality industry. Check out our latest analysis for Group In the above chart we have measured Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Group for free. The Trend Of ROCE While in absolute terms it isn't a high ROCE, it's promising to see that it has been moving in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 8.4%. Basically the business is earning more per dollar of capital invested and in addition to that, 33% more capital is being employed now too. So we're very much inspired by what we're seeing at Group thanks to its ability to profitably reinvest capital. The Bottom Line To sum it up, Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 119% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. While Group looks impressive, no company is worth an infinite price. The intrinsic value infographic for TCOM helps visualize whether it is currently trading for a fair price. While Group may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
24 minutes ago
- Forbes
How To Collect Dividends Up To 11% From Tech Stocks
The Nasdaq has been rallying nonstop since April. Let's discuss three covered call fund payouts up to 11.2% that play the rally. The catalyst is the 'rise of the machines' with companies replacing expensive humans with cheaper robots and AI tools. Hiring numbers are down and (paradoxically to some) the Nasdaq continues to levitate higher. This summer heater in tech stocks is no surprise to us contrarians. The Naz tech giants are enjoying expanding profit margins! Amazon (AMZN) CEO Andy Jassy recently admitted the company's workforce will shrink, replaced by AI. This is bad for those who work at Amazon, but great for those who own AMZN. Microsoft (MSFT) also announced big layoffs in recent months, especially in sales and support roles easily handled by AI-driven tools. And my friends at Alphabet (GOOG) are looking over their shoulders wondering how much longer their services will be needed. This is a dicey time to be a rank-and-file tech bro—but an exciting time to be a tech savvy dividend investor. Here are three 'one-click' (or one-tap) dividend plays on this megatrend! Covered Call Fund #1: Global X Nasdaq 100 Covered Call ETF (QYLD) Alphabet (GOOG) will never pay 11.2%. But we can buy GOOG and the rest of Big Tech for 11.2% payouts via a fund like Global X Nasdaq 100 Covered Call ETF (QYLD), which sells ('writes') covered call funds on the Naz index itself to generate additional income. QYLD buys the stocks in the Nasdaq-100 and simultaneously writes covered calls on the index itself to generate income—which it pays out monthly. It's not perfect exposure to technology. The Nasdaq-100 is made up of the 100 largest nonfinancial companies listed on the Nasdaq exchange, and in fact, it includes stocks from 10 different sectors. However, it's still tech-heavy, at 60% of the index's weight, and includes trillion-dollar tech firms like Apple (AAPL) and Microsoft (MSFT), so it's generally treated as a proxy for the sector. But that's a marginal consideration. The real tradeoff to weigh is tactical. By selling covered calls against the Nasdaq, we're sacrificing potential upside in return for a.) much more stability and b.) the very high income from the options premiums it collects. QYLD will rarely outperform the 'QQQs' to the upside. But it also has less downside exposure, thanks to the constant income it generates by selling the call options. Covered Call Fund #2: JPMorgan Nasdaq Equity Premium Income (JEPQ) The JPMorgan Nasdaq Equity Premium Income (JEPQ) uses a similar strategy, owning roughly 100 or so Nasdaq stocks while selling calls against the Nasdaq-100. It also doles out its massive dividend in monthly distributions. But it's a little more flexible because of a big difference between it and QYLD: management. Whereas QYLD tracks an index and typically has only one options position at any given moment, JEPQ is led by 38-year veteran Hamilton Reiner and a team of four co-managers who can sell multiple contracts. I've also pointed out in the past that while both funds hold pretty much the same stocks, JEPQ is more heavily weighted in mega-cap names than QYLD. But that's not by definition. Indeed, today, JEPQ has a smaller percentage of assets invested in each of its top 10 holdings than QYLD. These might not seem like meaningful differences, but over time we see that JPMorgan's 'homemade' strategy beat QYLD's straightforward approach. Active management can make a world of difference—so much so that I typically prefer closed-end funds (CEFs) over comparable ETFs. Let's walk over to the CEF side of the border to review our final call writer. Covered Call Fund #3: Columbia Seligman Premium Technology Growth Fund (STK) Columbia Seligman Premium Technology Growth Fund (STK) is a CEF, while QYLD and JEPQ are ETFs. But the differences go far beyond fund type. Paul Wick, who has nearly four decades of experience, and a team of five other managers run a slimmer portfolio of about 55 holdings. The portfolio is also a purer—though not pure—play on technology, with about 70% of assets dedicated to the sector. STK also is interested in 'growth at a reasonable price' (GARP); a relatively more value-priced portfolio shows it, with price-to-earnings, sales, book, and cash flow all lower than the other ETFs. And whereas QYLD tries to own Nasdaq-100 stocks (and while JEPQ has a broader mandate but looks index-esque in its larger holdings), STK is much more willing to take some shots—stocks such as Lam Research (LRCX) and industrial Bloom Energy (BE) punch well above their weight. Columbia Seligman's CEF writes covered calls, too—typically on the Nasdaq-100, but again, it has more flexibility. For instance, right now, management is selling Apple calls, too. The strategy works. In fact, it works mighty well. STK still has its drawbacks. Unlike other covered-call funds, Columbia Seligman's fund is actually more volatile than the Nasdaq, not less. Moreover, while the ETFs pay monthly, this CEF is only paying us on a quarterly schedule—and at current prices (which admittedly represent a slight discount to net asset value), it's paying us just half as much as JEPQ and QYLD. Brett Owens is Chief Investment Strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: How to Live off Huge Monthly Dividends (up to 8.7%) — Practically Forever. Disclosure: none
