Pony.ai added to Nasdaq Golden Dragon China Index

Shanghai (Gasgoo)- The Nasdaq Golden Dragon China Index (HXC) has officially included Chinese Robotaxi company Pony.ai in its latest constituent stock adjustment, signaling a major recognition of autonomous driving technologies within mainstream investment circles, according to a press release the company issued on June 25. Known as a bellwether for U.S.-listed Chinese companies, the Golden Dragon China Index serves as a key benchmark for investors, including ETFs, hedge funds, and long-term institutional players. Pony.ai's inclusion is expected to enhance the company's stock liquidity and raise its profile in capital markets.

Following the latest revision, the index now tracks 73 constituents, including Alibaba, JD.com, NetEase, Li Auto, and XPENG. Pony.ai stands out as the first and only L4 autonomous driving company to be included, underscoring its industry leadership. Given the index's sectoral diversity and influence, global investors frequently look to it for insights into Chinese equity performance. Pony.ai's inclusion will prompt passive funds that track the index to add its shares, bringing in steady capital inflows.

"This inclusion marks a milestone for Pony.ai as a publicly traded company," said Pony.ai CFO Leo Wang. "It also reflects growing global interest in autonomous driving as a transformative technology. Being part of the Golden Dragon China Index will make it easier for a broad base of investors to access our stock, accelerating our journey toward Robotaxi commercialization and realizing the vision of safer, smarter mobility."

Photo credit: Pony.ai

Pony.ai debuted on the Nasdaq on November 27, 2024, becoming the world's first publicly listed Robotaxi company. Its swift addition to the Golden Dragon China Index highlights strong investor confidence in its technological prowess and market potential. The company is currently collaborating with Toyota Motor, BAIC Group, and GAC Group to develop its seventh-generation mass-production Robotaxi model, aiming to significantly reduce costs. It plans to deploy a fleet of 1,000 fully driverless vehicles in first-tier Chinese cities in the second half of this year.