Pony AI Inc. (NASDAQ:PONY) announced its Q2 financial results, producing over 200 Gen-7 robotaxi vehicles, positioning it to reach its 1,000-vehicle target by year-end. Revenues increased 76% YoY to $21.5 million, driven by robotaxi services and licensing revenues. Robotaxi services revenues grew 158% to $1.5 million.

Pony AI reports mass production of Gen-7 robotaxis through partnerships, operating in China’s tier-one cities and expanding to Dubai, South Korea, and Luxembourg. Dr. James Peng, Chairman and CEO, highlights milestones in large-scale production and deployment, with over 200 Gen-7 vehicles produced and strong revenue growth.

Pony AI specializes in autonomous mobility, offering robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions. While PONY shows investment potential, other AI stocks may offer greater upside with less downside risk. For an undervalued AI stock benefiting from tariffs and onshoring, see the free report.

Read more at Yahoo Finance: Pony AI (PONY) on Track to Deliver 1,000 Gen-7 Robotaxis by Year-End