Uber and Pony AI both eyeing opportunities in autonomous ride-hailing market, with Pony having edge.

From Nasdaq: 2025-06-24 09:49:00

The global robotaxi market is expected to reach $45.7 billion by 2030, with a projected CAGR of 91.8% from 2023 to 2030. Both Pony AI and Uber are eyeing opportunities in the autonomous vehicle (AV) space. Uber aims to solidify its position through strategic partnerships, like the one with China’s WeRide to introduce self-driving cars in Dubai. This collaboration aligns with Dubai’s goal to make one-fourth of all city trips autonomous by 2030.

Uber also inked a significant deal with NVIDIA to leverage AI platforms for creating scalable AV models. With its dominant market share in ride-hailing, Uber is well-positioned to scale autonomous services. On the other hand, Pony AI plans to have over 1,000 robotaxis in its fleet by the end of 2025. It recently partnered with Uber to deploy robotaxis on the Uber platform, aiming for further expansion in the Middle East market.

In terms of market performance, Uber shares have gained double digits since late 2024, while Pony AI shares have declined slightly. Despite both companies maintaining stable bottom-line estimates, Pony seems to have an edge over Uber in the autonomous driving technology sector. With China’s rapidly growing robotaxi market and government support, Pony is well-positioned for success.

Looking ahead, Uber’s commercialization of autonomous vehicle technology may take longer due to regulatory challenges. Pony’s operations are less likely to be impacted by tariff uncertainties and have strong government collaborations. The Chinese robotaxi market, valued at $12 billion in 2024, presents significant growth opportunities compared to the U.S. market. Based on current analysis, Pony appears to be a better pick than Uber.

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Read more at Nasdaq: UBER vs. PONY: Which Stock is Leading in Autonomous Ride-Hailing?