$小马智行(PONY_老虎社区_美港股上老虎

保本第一位
2025-12-29

$小马智行(PONY)$Robotaxi和网约车其实逻辑不完全一样。Robotaxi更像基础设施，前期慢，但一旦规模化，边际成本下降非常明显。谁先把运营模型跑通，谁就更有可能走到后面。

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