$小马智行(PONY_老虎社区_美港股上老虎

hh h
2025-12-22

$小马智行(PONY)$行业内其实已经出现分化，能拿到城市级大规模运营许可的公司，比还在测试区绕圈的公司强太多。小马属于已经跑到城市主干道大规模服务的那类，这个能力壁垒比外界想象的要高。行业早期一定是头部集中

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