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China’s Pony AI aims to expand its global robotaxi fleet to three times its current size by the close of 2026

China’s Pony AI aims to expand its global robotaxi fleet to three times its current size by the close of 2026

Bitget-RWA2025/11/25 22:45
By: Bitget-RWA

On Tuesday, Chinese self-driving technology firm Pony.ai revealed plans to expand its robotaxi fleet threefold by the close of next year, signaling a rapid acceleration in both its growth and ambitions.

Currently, Pony.ai operates around 961 robotaxis, and during its third-quarter financial update, the company shared its intention to reach a fleet of 1,000 robotaxis by year-end. Looking further ahead, Pony.ai aims to have over 3,000 vehicles in operation by the end of 2026, according to its latest earnings statement.

Listed on both the Nasdaq and the Hong Kong Stock Exchange, Pony.ai has been intensifying its commercial activities throughout the year. At present, it provides paid robotaxi rides in cities such as Beijing, Shanghai, Guangzhou, and Shenzhen.

Pony.ai is also looking to expand internationally. The company is entering eight overseas markets, including Qatar and Singapore, by collaborating with local businesses as well as ride-hailing platforms like Bolt and Uber.

This expansion of robotaxi operations has resulted in higher revenues but also increased expenses. In the third quarter, Pony.ai posted $25.4 million in revenue, marking a 72% jump from the $14.8 million reported in the same period last year.

Following the earnings announcement, Pony.ai’s shares surged over 6% on the Nasdaq.

The company attributed its revenue growth to both its robotaxi business and the licensing of its autonomous driving technology. Based in Guangzhou, Pony.ai generated $6.7 million from robotaxi services, $10.2 million from its autonomous trucks known as robotrucks, and $8.6 million from licensing and application fees.

However, the company’s spending continues to exceed its income. Pony.ai reported a net loss of $61.6 million for the third quarter, representing a 46% increase compared to the same timeframe in 2024.

As of September 30, Pony.ai held $587.7 million in cash, cash equivalents, and short-term investments, down from $747.7 million at the end of the previous quarter. The company explained that about half of this reduction was due to a one-time cash outflow, which included investments in its joint venture with Toyota to facilitate the manufacturing and rollout of its Gen-7 vehicle.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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