Pony AI Inc. successfully raised over US$800 million through a dual primary listing in Hong Kong to boost mass production, R&D, and new market expansion. They also launched their Gen-7 Robotaxi operations in major Chinese cities, with an 89.5% revenue increase year-over-year and a surge of over 200% in fare-charging revenues. Robotaxi deployment and production are accelerating, with 961 fleet vehicles, including 667 Gen-7 vehicles, on track to surpass 1,000 vehicles by year-end and 3,000 by 2026. Gen-7 Robotaxis have reached city-wide UE breakeven in Guangzhou, with a 20% reduction in ADK costs planned for 2026 production.
Gen-7 Robotaxis have officially launched in Guangzhou, Shenzhen, and Beijing, receiving positive user feedback. The vehicles offer a smooth, natural ride with improved performance in critical areas like emergency braking and steering. In-cabin features like “smart repositioning” and voice-activated controls enhance the user experience. Pony AI Inc. is expanding its operations to major cities in China, launching fully driverless Robotaxi services in Shanghai and Shenzhen, with plans for further fleet expansion through asset-light partnerships. In addition, the company has established a global presence in eight countries through strategic partnerships. Pony AI has also introduced its latest-generation Robotruck, with initial fleet deployment expected in 2026.
Pony AI Inc. reported a 72.0% increase in total revenues for the third quarter of 2025, driven by strong growth in Robotaxi services and Licensing & Applications. Robotaxi services revenues saw an 89.5% increase year-over-year, with fare-charging revenues growing by over 200%. The company’s financial position was further strengthened by the net proceeds from their Hong Kong IPO, positioning them for accelerated expansion and sustained growth. Despite an increase in operating expenses, Pony AI plans to sustain disciplined investments to fuel large-scale commercial deployment.
Read more at GlobeNewswire: PONY AI Inc. Realized Gen-7 Robotaxi city-wide UE