BUZZ-Pony AI HK shares hit record low on quarterly profit margin miss

Reuters03-27
BUZZ-<a href="https://laohu8.com/S/PONY">Pony AI</a> HK shares hit record low on quarterly profit margin miss

** HK shares of Pony AI 2026.HK slip 15.6% to HK$73.2, lowest since debut on November 6; stock logs biggest one-day pct decline since debut

** Top pct loser on Hang Seng Composite Index on IT stocks .HSCIIT, which is up 0.2%

** Overnight, U.S.-listed stock PONY.O dips 14.7% to lowest since May 2025

** Chinese autonomous driving firm expects to more than double fleet of robotaxis powered by its tech to more than 3,000 units across more than 20 cities globally this year

** Posts Q4 profit of $75.5 mln, its first profitable quarter

** However, Citi ("buy") says Q4 gross profit margin below estimates

** YTD, HK stock down 36.1%, U.S.-listed shares fall 33%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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