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Pony AI Inc. (NASDAQ:PONY) is one of the 10 best stocks under $10 offering more than 50% upside.

On June 22, Pony AI Inc. (NASDAQ:PONY) announced that its autonomous mobility service across Singapore, which is being offered in partnership with ComfortDelGro Corp Ltd., can now be booked using ComfortDelGro's Zig application.

Copyright: chalabala / 123RF Stock Photo

Access to this user-facing app marks a stride towards phase-wise deployment of the service across Punggol. It expands the access beyond the previous invitation-driven community ride phase and advances it to a more adaptable, consumer-facing operational framework.

Pony AI's Founder and Chief Executive Officer, Dr. James Peng, highlighted the company's focus on providing secure autonomous mobility solutions that complement the public transportation infrastructure. He stated:

"As we continue to refine the service through real-world operations, our focus remains on delivering safe, reliable and convenient autonomous mobility that can complement existing public transport systems."

Such consumer-facing access also supports Pony AI's dual-engine growth strategy, which aims to build autonomous mobility via strong local collaborations and phase-wise deployment within domestic and international segments.

With an aim of more than 3,500 Robotaxis before the tail end of the year and standard operations in over 20 cities worldwide, Pony AI is continuing to develop its Robotaxi fleet based on increasing user demand, enhanced operating efficiency, and a higher number of service areas.

Pony AI Inc. (NASDAQ:PONY) is involved in the autonomous mobility sector. It provides several services for AV, which include software deployment, vehicle engineering, and more. It also offers logistics platforms with transportation services, along with a licensing and applications business that comprises personally owned vehicle intelligent solutions, data analytics tools, and more.

While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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