Pony.ai (PONY, Financial), an autonomous driving company, released its unaudited financial report for Q1 2025, revealing a total revenue of 102 million yuan ($13.98 million), a 12% year-over-year increase. The Robotaxi segment contributed significantly, with revenues reaching 12.3 million yuan ($1.73 million), marking a 200% growth. By the end of Q1, Pony.ai had cash and investments totaling 5.359 billion yuan ($739 million).
The company's Q1 highlights include increased revenue, cost reduction, and plans for mass production of Robotaxis. CEO Peng Jun announced that 2025 will be pivotal for Robotaxi production, with fleet expansion expected to reach 1,000 vehicles by year-end. The revenue surge is attributed to passenger fares and technical solutions, with passenger fare income growing by 800% due to expansions in major cities and refined user strategies.
Cost reduction is a strategic focus, with the seventh-generation Robotaxi reducing system costs by 70%. This model features 100% automotive-grade components and enhanced efficiency. Partnerships with Toyota, BAIC, and GAC are advancing mass production efforts.
Pony.ai is expanding globally, securing testing permits in Luxembourg and launching projects in Seoul. Strategic alliances with Tencent Cloud and Uber aim to reach over a billion users worldwide.
