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PONY AI Inc. Realized Gen-7 Robotaxi city-wide UE Breakeven; Set to Surpass 2025 Fleet Target and Expand to 3,000+ Vehicles by End of Next Year

PONY
  • Pony AI completed a dual primary listing on the Hong Kong Stock Exchange to raise over US$800 million for mass production, R&D innovation, and market expansion.
  • The company officially launched Gen-7 Robotaxi fully driverless commercial operations in Guangzhou, Shenzhen, and Beijing.
  • Third quarter 2025 total revenues rose 72.0% year-over-year to US$25.4 million, driven by Robotaxi services and Licensing & Applications.
  • Robotaxi service revenues increased 89.5% year-over-year, with fare-charging revenues surging over 200%.
  • Licensing and applications revenues grew 354.6% year-over-year to US$8.6 million, fueled by demand for autonomous domain controllers.
  • Pony AI operates 961 Robotaxi vehicles, including 667 Gen-7 units, positioning the company to exceed its 1,000-vehicle target by year-end.
  • Gen-7 Robotaxis achieved city-wide unit economics breakeven in Guangzhou with a daily average of 23 orders per vehicle.
  • The company plans a 20% reduction in Gen-7 autonomous driving kit bill-of-materials costs for 2026 production compared to 2025 baselines.
  • Operating areas expanded in Shanghai with coverage of Century Park and the Shanghai Science and Technology Museum, while Shenzhen pickup stops grew over 300% to exceed 10,000.
  • Pony AI adopted an asset-light strategy through new partnerships with Sunlight Mobility and existing alliances with Xihu Group to accelerate fleet deployment.
  • Global expansion reached eight countries, including a new market entry in Qatar via Mowasalat and strengthened partnerships in Singapore, Luxembourg, and South Korea.
  • The fourth-generation Robotruck was launched for mass production with an initial fleet deployment expected in 2026, featuring 70% ADK cost savings.
  • Third quarter 2025 net loss was US$61.6 million, with non-GAAP net loss at US$55.0 million, as the company invested in R&D and commercial deployment.
  • Research and development expenses increased 79.6% year-over-year to US$60.4 million, including a one-time US$12.7 million fee for Gen-7 vehicle development.
  • Cash and cash equivalents stood at US$587.7 million as of September 30, 2025, bolstered by Hong Kong IPO proceeds to support large-scale commercialization.
  • The company maintains a strategic joint venture with Toyota's Zhuifeng Intelligent Technology to support Gen-7 mass production.