PONY AI Inc. Partners with Sunlight Mobility to Adopt an Asset-Light Model for Accelerating Fleet Expansion

Rhea-AI Summary

Pony AI (NASDAQ: PONY) expanded its partnership with Sunlight Mobility on Nov 24, 2025 to adopt an asset-light model for Robotaxi fleet rollout. Under a newly signed agreement, Sunlight Mobility will fund Gen-7 Robotaxi vehicles and an initial fleet will be deployed in Guangzhou before year-end 2025. The arrangement integrates Pony.ai's Virtual Driver and collaborative ADV fleet supply into both companies' platforms, shares economic benefits, and aims to accelerate scalable, capital-efficient fleet expansion across China via Sunlight's mobility platform covering 180+ cities.

Positive

• Sunlight funds Gen-7 Robotaxi vehicles
• Initial fleet deployment in Guangzhou before year-end 2025
• Access to Sunlight Mobility platform covering over 180 cities
• Integration of Pony.ai Virtual Driver into both platforms

Negative

• Economic benefits will be shared between both companies
• Initial rollout limited to Guangzhou before broader expansion

Argus Nov 24 session

+12.51% close to close 1.3x rel. volume Open Argus

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News Market Reaction – PONY

On Nov 24, the day this news came out, PONY closed 12.51% above the previous close.

Data tracked by StockTitan Argus for the Nov 24 session.

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GUANGZHOU, China, Nov. 24, 2025 /PRNewswire/ -- Pony AI Inc. ("Pony.ai" or the "Company") (NASDAQ: PONY) (HKEX: 2026), a global leader in the commercialization of autonomous mobility, today announced an expanded partnership with Sunlight Mobility to implement an asset-light model. This marks a significant milestone in Pony.ai's strategy to build a scalable, capital-efficient, and rapidly deployable mobility ecosystem, enabling the Company to speed up its fleet expansion down the road.

Building on the initial collaboration established in June 2024, Pony.ai has recently signed a new agreement with Sunlight Mobility, a leading mobility service platform operator covering over 180 cities across China, to adopt the asset-light model. Under this arrangement, Sunlight Mobility will fund the Gen-7 Robotaxi vehicles, with an initial fleet to be deployed in Guangzhou before year-end 2025. Both parties plan to further expand into other cities in China in the coming years. This also reflects the growing market recognition of Pony.ai's Robotaxi business model, with an increasing number of third parties willing to fund fleet deployment and lease Pony.ai's Virtual Driver for commercial operations.

Sunlight Mobility brings deep expertise in digital mobility platform operations, including huge user traffic, product feature development, and fleet supply dispatch, all of which play a crucial role in enhancing user experience and boosting operational efficiency. In particular, the collaborative autonomous driving vehicle ("ADV") fleet supply will be integrated in both Pony.ai and Sunlight Mobility's platforms, making both parties share economic benefits and creating a win-win situation.

About Pony AI Inc.

Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai's proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: https://ir.pony.ai.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:

Pony.ai
Investor Relations
Email: ir@pony.ai
Media Relations
Email: media@pony.ai

Christensen Advisory
Email: pony@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/pony-ai-inc-partners-with-sunlight-mobility-to-adopt-an-asset-light-model-for-accelerating-fleet-expansion-302624315.html

SOURCE Pony.ai

FAQ

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What did Pony AI (PONY) announce on November 24, 2025 about fleet expansion?

Pony AI announced an expanded partnership with Sunlight Mobility to adopt an asset-light model where Sunlight funds Gen-7 Robotaxi vehicles.

When will Pony AI's first Sunlight-funded Robotaxi fleet deploy in Guangzhou?

The initial fleet is scheduled to deploy in Guangzhou before year-end 2025.

How does the Sunlight Mobility partnership affect Pony AI's capital requirements (PONY)?

Sunlight will fund Gen-7 vehicles under the asset-light model, reducing Pony AI's direct capital outlay for fleet deployment.

Will Pony AI (PONY) operate outside Guangzhou under this agreement?

Yes; both parties plan further expansion into other Chinese cities in the coming years.

What platform advantages does Sunlight Mobility bring to Pony AI (PONY)?

Sunlight offers mobility platform operations across 180+ cities, large user traffic, product development, and fleet dispatch capabilities.

How will Pony AI's technology be used in the Sunlight partnership (PONY)?

Pony AI's Virtual Driver and collaborative ADV fleet supply will be integrated into both Pony AI and Sunlight Mobility platforms.