PONY-W Reinstates Robotaxi Road Testing in Doha; Dubai Testing Remains on Hold
Robotaxi Testing Update: PONY-W has suspended Robotaxi road testing in Dubai and Doha due to safety concerns but has decided to restart testing in Doha as of today.
Dubai Testing Status: The company plans to resume testing in Dubai at a later date, pending safety assurances, and will maintain communication with local regulators.
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PONY-W Reinstates Robotaxi Road Testing in Doha; Dubai Testing Remains on Hold
Robotaxi Testing Update: PONY-W has suspended Robotaxi road testing in Dubai and Doha due to safety concerns but has decided to restart testing in Doha as of today.
Dubai Testing Status: The company plans to resume testing in Dubai at a later date, pending safety assurances, and will maintain communication with local regulators.
PONY-W's 7th-Generation Robotaxi Achieves Positive Earnings Per Vehicle in Shenzhen
Stock Performance: PONY-W (02026.HK) experienced a decline of 9.500 (-8.017%) with significant short selling amounting to $272.23M and a ratio of 80.016%.
Operational Milestone: The company announced that its seventh-generation Robotaxi achieved monthly per-vehicle operational earnings in Shenzhen as of February, marking a significant breakthrough in first-tier cities.
Previous Achievement: Prior to Shenzhen, PONY-W recorded similar operational earnings in Guangzhou in November 2025.
Earnings Details: As of February 28, the average daily net income per vehicle for the Robotaxi was RMB338, with an average of 23 orders per vehicle per day.
HSI Gains 116 Points at Midday, Driven by Xiaomi and BYD; SMIC Shows Little Movement After Earnings Report
US Retail Sales and Market Response: December retail sales in the US fell short of expectations, while the DJIA rose 0.1% amid speculation of a potential rate cut.
Hong Kong Market Performance: The Hong Kong stock market saw gains, with the HSI up 116 points (0.4%) and notable increases in the HSCEI and HSTECH indices.
Stock Movements and Short Selling: Significant short selling activity was reported, particularly for companies like SMIC and CHINA LIT, which experienced stock price declines despite some companies reporting profit increases.
Automakers' Stock Surge: Automakers led the market gains, with companies like Xiaomi and NIO seeing substantial stock price increases following positive developments in tech innovation and profit forecasts.
SENSETIME-W and HESAI-W Surge Over 7% Following Inclusion in MSCI China Index
MSCI Index Review Results: MSCI announced its quarterly index review, adding 37 stocks to the MSCI China Index, including HESAI-W, PONY-W, SENSETIME-W, and YOFC, while removing 16 stocks such as CHINA VANKE, GWMOTOR, and FOSUN INTL.
Stock Performance: Following the index changes, SENSETIME-W and HESAI-W saw significant increases in their stock prices, with SENSETIME-W peaking at HK$2.64 and HESAI-W at HK$215.2, while PONY-W also experienced a rise.
HSI Rises by 63 Points; Automotive Stocks Gain; SMIC Declines After Earnings Report
Market Opening: The HSI opened 63 points higher at 27,246, with the HSCEI and HSTECH also showing slight increases of 15 and 11 points, respectively.
Stock Performance: SENSETIME-W and HESAI-W saw significant gains of 3.3% and 6.9%, while YOFC experienced a decline of 1.3% after being added to the MSCI China Index.
Tech Sector Movements: SMIC and CHINA LIT faced declines of 3.5% and 5.0%, respectively, despite SMIC reporting a 60.7% YoY profit increase, while BIDU-SW and BABA-W saw minor gains.
Auto Sector Gains: BYD COMPANY and NIO-SW opened higher by 3.9% and 3.5%, respectively, indicating positive momentum in the auto sector alongside other tech stocks like XIAOMI-W.
Changes to MSCI China Index Constituents: Addition of YOFC, HESAI-W, PONY-W, and SENSETIME-W
MSCI Index Review Results: MSCI announced the results of its index review, effective after market close on February 27, with 37 stocks added and 16 stocks removed from the MSCI China Index.
Stocks Added: Notable additions include HESAI-W, PONY-W, SENSETIME-W, and YOFC, with varying short selling ratios and price changes.
Stocks Removed: Stocks removed from the index include Autohome ADR, CHINACOMSERVICE, CHINA VANKE, FOSUN INTL, ZHEJIANGEXPRESS, and Qfin Holdings, with significant short selling activity noted.
A-Shares Changes: The remaining changes in the index pertained to A-shares, indicating a broader adjustment beyond just Hong Kong stocks and ADRs.
PONY-W Reinstates Robotaxi Road Testing in Doha; Dubai Testing Remains on Hold
Robotaxi Testing Update: PONY-W has suspended Robotaxi road testing in Dubai and Doha due to safety concerns but has decided to restart testing in Doha as of today.
Dubai Testing Status: The company plans to resume testing in Dubai at a later date, pending safety assurances, and will maintain communication with local regulators.
PONY-W's 7th-Generation Robotaxi Achieves Positive Earnings Per Vehicle in Shenzhen
Stock Performance: PONY-W (02026.HK) experienced a decline of 9.500 (-8.017%) with significant short selling amounting to $272.23M and a ratio of 80.016%.
Operational Milestone: The company announced that its seventh-generation Robotaxi achieved monthly per-vehicle operational earnings in Shenzhen as of February, marking a significant breakthrough in first-tier cities.
Previous Achievement: Prior to Shenzhen, PONY-W recorded similar operational earnings in Guangzhou in November 2025.
Earnings Details: As of February 28, the average daily net income per vehicle for the Robotaxi was RMB338, with an average of 23 orders per vehicle per day.
HSI Gains 116 Points at Midday, Driven by Xiaomi and BYD; SMIC Shows Little Movement After Earnings Report
US Retail Sales and Market Response: December retail sales in the US fell short of expectations, while the DJIA rose 0.1% amid speculation of a potential rate cut.
Hong Kong Market Performance: The Hong Kong stock market saw gains, with the HSI up 116 points (0.4%) and notable increases in the HSCEI and HSTECH indices.
Stock Movements and Short Selling: Significant short selling activity was reported, particularly for companies like SMIC and CHINA LIT, which experienced stock price declines despite some companies reporting profit increases.
Automakers' Stock Surge: Automakers led the market gains, with companies like Xiaomi and NIO seeing substantial stock price increases following positive developments in tech innovation and profit forecasts.
SENSETIME-W and HESAI-W Surge Over 7% Following Inclusion in MSCI China Index
MSCI Index Review Results: MSCI announced its quarterly index review, adding 37 stocks to the MSCI China Index, including HESAI-W, PONY-W, SENSETIME-W, and YOFC, while removing 16 stocks such as CHINA VANKE, GWMOTOR, and FOSUN INTL.
Stock Performance: Following the index changes, SENSETIME-W and HESAI-W saw significant increases in their stock prices, with SENSETIME-W peaking at HK$2.64 and HESAI-W at HK$215.2, while PONY-W also experienced a rise.
HSI Rises by 63 Points; Automotive Stocks Gain; SMIC Declines After Earnings Report
Market Opening: The HSI opened 63 points higher at 27,246, with the HSCEI and HSTECH also showing slight increases of 15 and 11 points, respectively.
Stock Performance: SENSETIME-W and HESAI-W saw significant gains of 3.3% and 6.9%, while YOFC experienced a decline of 1.3% after being added to the MSCI China Index.
Tech Sector Movements: SMIC and CHINA LIT faced declines of 3.5% and 5.0%, respectively, despite SMIC reporting a 60.7% YoY profit increase, while BIDU-SW and BABA-W saw minor gains.
Auto Sector Gains: BYD COMPANY and NIO-SW opened higher by 3.9% and 3.5%, respectively, indicating positive momentum in the auto sector alongside other tech stocks like XIAOMI-W.
Changes to MSCI China Index Constituents: Addition of YOFC, HESAI-W, PONY-W, and SENSETIME-W
MSCI Index Review Results: MSCI announced the results of its index review, effective after market close on February 27, with 37 stocks added and 16 stocks removed from the MSCI China Index.
Stocks Added: Notable additions include HESAI-W, PONY-W, SENSETIME-W, and YOFC, with varying short selling ratios and price changes.
Stocks Removed: Stocks removed from the index include Autohome ADR, CHINACOMSERVICE, CHINA VANKE, FOSUN INTL, ZHEJIANGEXPRESS, and Qfin Holdings, with significant short selling activity noted.
A-Shares Changes: The remaining changes in the index pertained to A-shares, indicating a broader adjustment beyond just Hong Kong stocks and ADRs.
