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 Stock Performance: PONY-W (02026.HK) experienced a decline of 2.681%, with short selling amounting to $11.70 million and a short selling ratio of 24.046%.
TENCENT Stock Performance: TENCENT (00700.HK) saw an increase of 1.098%, with short selling reaching $1.77 billion and a short selling ratio of 16.424%.
Integration Announcement: PONY-W announced its integration with TENCENT's mobility service mini program, allowing users in Guangzhou to summon autonomous vehicles.
Market Insights: Citi reported that TENCENT's 'Lobster' craze marks a significant point in the popularization of AI agents, with a target price set at HKD783.
Market Performance: The HSI rose by 2.2% to close at 25,959, with significant gains in tech stocks, including MINIMAX-WP and KNOWLEDGE ATLAS, which surged 22.4% and 12.9% respectively.
Short Selling Trends: Notable short selling activity was observed in various stocks, with TENCENT and BABA-W experiencing high short selling ratios of 15.2% and 20.2%, respectively.
Chip and Battery Stocks: Chip stocks like ILUVATAR COREX and BIREN TECH saw substantial increases of 30.2% and 9.3%, while battery stock CATL rallied 9.3% following a strong profit forecast.
Carmakers' Performance: Carmakers BYD and XIAOMI experienced slight declines of 1.1% and 0.2%, contrasting with the overall positive market trend.
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.

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.
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of HKD288.42 billion. The HSCEI and HSTECH also saw gains, closing at 8,859 and 5,137 respectively.
Property Sector Highlights: SHK PPT reported a nearly 17% increase in interim underlying profit, leading to a 7.1% rise in its stock price. Other property developers like New World Dev and CK Asset also experienced stock price increases.
MSCI Index Changes: Changes to the MSCI China Index constituents were noted, with stocks like HESAI-W and SENSETIME-W seeing significant gains of 4.4% and 4.9%, while PONY-W and YOFC surged over 10%.
Tech Sector Updates: In the tech sector, BIDU-SW reported a 42% YoY decline in non-GAAP net profit but slightly exceeded market expectations, leading to a minor stock rebound. Other tech stocks like Tencent and Netease also saw modest increases, while Alibaba and Kuaishou experienced slight declines.

MSCI China Index Changes: The MSCI China Index will add 37 stocks, including HESAI-W, PONY-W, SENSETIME-W, and YOFC, while removing 16 stocks such as Autohome and CHINA VANKE.
Stock Performance: HESAI-W increased by 3.4% to HKD217.6, PONY-W surged to HKD115.8 (up 7.5%), SENSETIME-W peaked at HKD2.64 (up 8.2%), and YOFC rose to HKD145.9 (up 7.9%).
Short Selling Data: Notable short selling figures include SENSETIME-W at $191.27M (11.527% ratio) and YOFC at $156.76M (6.958% ratio), indicating significant market activity.
Market Reactions: The changes in the MSCI China Index and the performance of the added stocks reflect investor sentiment and market dynamics in the Hong Kong stock market.









