Toyota Motor Corp Invests $647.42 Million in Pony AI Inc. (NASDAQ:PONY)

Toyota Motor Corp bought a new position in Pony AI Inc. (NASDAQ:PONY) during the fourth quarter, Holdings Channel reports. The fund bought 42,453,831 shares of the company’s stock, valued at approximately $647,421,000. Pony AI makes up 22.0% of Toyota Motor Corp’s portfolio, making the stock its 2nd biggest holding. Toyota Motor Corp owned approximately 0.12% of Pony AI as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PONY. Neumann Advisory Hong Kong Ltd purchased a new stake in Pony AI during the 4th quarter valued at about $14,808,000. Matthews International Capital Management LLC purchased a new stake in shares of Pony AI during the 4th quarter valued at about $1,654,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pony AI during the 4th quarter valued at about $281,000. Lingotto Investment Management LLP purchased a new stake in shares of Pony AI during the 4th quarter valued at about $17,220,000. Finally, Robeco Schweiz AG purchased a new stake in shares of Pony AI during the 4th quarter valued at about $8,811,000.

Pony AI Trading Up 14.0%

Shares of NASDAQ PONY opened at $18.43 on Monday. The company’s 50-day moving average is $10.08. Pony AI Inc. has a 52-week low of $4.11 and a 52-week high of $23.88.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.