Pony AI Inc. Stock Price, News & Analysis

Pony AI Inc. (NASDAQ: PONY) has secured a license to provide fully driverless commercial Robotaxi services in Shenzhen's Nanshan District, becoming the first and only company with this approval in the area. This expansion follows their successful paid robotaxi launch in the adjacent Bao'an District.

Nanshan District, with nearly 2 million residents across 200 square kilometers and a GDP of approximately RMB1 trillion in 2024, ranks first in Guangdong Province. The service will cover major locations including China Resources Tower, Coastal City, and Shenzhen Bay Park.

Since receiving Shenzhen's first city-level driverless pilot license in August 2023, Pony.ai has expanded its network to connect key economic and transportation hubs. The company has accumulated about 45 million kilometers of autonomous driving mileage, including 5 million driverless kilometers. Their robotaxis are averaging approximately 15 orders per vehicle daily in 2024.

Pony.ai (PONY) reported its unaudited Q4 and FY2024 financial results, achieving record-high revenue of $75.0 million, a 4.3% increase from FY2023, maintaining its position as China's largest L4 autonomous mobility company by revenue. The company's robotaxi service generated $7.3 million in revenue through expansion in tier-1 Chinese cities.

Non-GAAP R&D expenses increased by 14% compared to 2023, supporting Gen-7 robotaxi development. The company maintains a strong financial position with $825.1 million in cash, cash equivalents, short-term investments, and long-term debt instruments.

Pony.ai established strategic partnerships with GAC Aion and BAIC BJEV for robotaxi R&D and mass production. The company plans to launch three Gen-7 robotaxi models in 2025 in collaboration with Toyota, GAC, and BAIC. Their PonyWorld technology has improved safety records by 16X and reduced commercial insurance costs to less than 50% of traditional taxis.

Pony AI Inc. (NASDAQ: PONY) reported its Q4 and full year 2024 financial results, marking its transition year as a public company. The company's Q4 revenues decreased 29.8% to $35.5 million, with a net loss of $181.1 million compared to $20.7 million in Q4 2023.

Key operational highlights include launching paid robotaxi services in Beijing and Guangzhou, connecting major transport hubs. The company secured strategic partnerships with GAC Aion and BAIC BJEV for developing next-generation robotaxis, targeting production of over 1,000 units in 2025.

Notable achievements include:

• Robotaxi safety record improved 16x with insurance costs at 50% of human-driven taxis
• First company in China approved for autonomous truck platooning tests
• Expanded global presence with operations in Seoul and Luxembourg
• Cash position of $745.2 million as of December 31, 2024

Pony AI Inc. (Nasdaq: PONY), a global leader in autonomous mobility commercialization, has scheduled the release of its unaudited financial results for Q4 and full year 2024. The results will be announced before U.S. market opens on March 25, 2025.

The company will host an earnings conference call on the same day at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time). Participants must pre-register online to join the call. A conference replay will be available through April 1, 2025, and can be accessed via phone or through the company's investor relations website.

Pony AI (Nasdaq: PONY) has launched paid robotaxi services connecting multiple locations in Guangzhou's city center to Guangzhou Baiyun International Airport and Guangzhou South Railway Station, becoming the first company approved for these high-demand routes. Riders can book vehicles through the PonyPilot App at standard Guangzhou taxi rates.

The expansion serves both residents and tourists, integrating autonomous driving with Guangzhou's urban environment. Guangzhou Baiyun International Airport has led China in passenger volume for four consecutive years since 2020, while Guangzhou South Railway Station recorded over 170 million passengers in 2024, making it China's busiest high-speed rail hub.

This development follows Pony.ai's existing robotaxi operations to and from Beijing Daxing International Airport and Beijing South Railway Station, marking another milestone in the company's autonomous mobility commercialization.

Pony AI (Nasdaq: PONY) has become the first company in China to receive approval for autonomous truck platooning tests on cross-provincial highways connecting Beijing, Tianjin, and Hebei Province. The approval allows operation of robotrucks in a '1+N' platoon formation, where only the lead truck requires a safety operator while following trucks operate autonomously on the Beijing-Tianjin-Tanggu Expressway.

In partnership with Sinotrans , Pony.ai's cross-provincial freight service has completed nearly 500 TEUs of freight orders and logged over 45,000 kilometers. The company's robotrucks have accumulated more than 5 million kilometers in total travel distance and transported over 860 million freight ton-kilometers as of December 2024.

Pony.ai (NASDAQ: PONY) has announced plans to provide driverless transportation services at Hong Kong International Airport (HKIA), with future expansion into urban Hong Kong. The company will initially focus on shuttling airport employees using its seven-seat, sixth-generation robotaxi.

This expansion marks a significant milestone for Pony.ai in the Hong Kong market, where it will navigate unique challenges including left-side driving and dense traffic. The company recently received qualification for cross-regional autonomous robotaxi services in China's Greater Bay Area, including Guangzhou and Shenzhen.

Pony.ai currently operates paid robotaxi services at Beijing Daxing International Airport and is testing at Guangzhou Baiyun International Airport. The company has obtained licenses to operate fully driverless vehicles in all four Chinese Tier-1 cities and has achieved an average of over 15 daily orders per robotaxi in the first half of 2024.

Deutsche Bank has been appointed as the depositary bank for Pony AI Inc.'s (NASDAQ: PONY) American Depositary Receipt program listed on NASDAQ. Pony AI, headquartered in Guangzhou, China, is focused on commercializing autonomous driving technology globally. The Level III ADR program has a 1:1 ratio (1 ADS to 1 Class A ordinary share) and began trading on November 29, 2024. The company aims to provide safe, sustainable, and accessible mobility solutions worldwide.

Pony.ai, a global leader in autonomous driving technology, has successfully completed its IPO on the Nasdaq Global Select Market under the symbol PONY. The company offered 20 million American Depository Shares at $13.00 per share, raising approximately $260 million, with potential to reach $299 million including over-allotment options. Additional strategic investors participated in concurrent private placements totaling $153.4 million. The combined proceeds will support Pony.ai's mission to deliver autonomous mobility solutions globally.