$小马智行(PONY_老虎社区_美港股上老虎

$小马智行(PONY)$看华鑫研究的报告提到了，小马智行凭借Robotaxi技术突破与规模化量产的先发优势，有几个观察点：供应链本土化、AI技术迭代与政策协同下的商业化潜力，以及硬件规模化对盈利模型的重塑效应。

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