Chinese robotaxi technology company Pony AI Inc. (Nasdaq: PONY) was up a whopping 55% on Monday—yes, you read that right—after Chief Technology Officer Lou Tiancheng told the Wall Street Journal it can now build its autonomous driving system for 70% less and is on the road to profitability.
Shares of Pony.ai (PONY 55.78%) are flying higher on Monday. The company's stock rose 40.2% as of 12:16 p.m.
Pony AI (PONY -5.28%) stock just keeps on galloping. For the third day in a row, the small-cap Chinese robotaxi and robotruck company rode higher on Friday, building on huge gains Wednesday and Thursday.
Pony AI (NASDAQ:PONY) shares have been surging today after the company announced its seventh-generation autonomous driving system and new Robotaxi models at the Shanghai Auto Show.
The Robotaxi market is expected to grow exponentially, potentially generating $34 trillion in equity by 2030, with Pony aiming to capture a significant share. Pony's strategy focuses on Robotaxi operations in Tier 1 Chinese cities, leveraging partnerships with major auto OEMs for scaled production and integration with ride-hailing apps. Despite recent revenue drops and ongoing class action lawsuits, Pony's long-term growth potential remains strong, supported by bullish Wall Street analyst ratings.
Pony AI has faced a sharp stock decline but presents a buying opportunity due to its strong market position and long-term growth potential. The company is a pioneer in autonomous driving, operating robotaxis and robotrucks in key Chinese and U.S. markets, with significant recent route approvals. Strategic partnerships, like with AION for robotaxi production and international expansion into Europe, bolster PONY's growth prospects.
Autonomous mobility provider Pony AI said it received approval to provide fully driverless commercial Robotaxi services in Shenzhen's Nanshan District.
Shares of Pony AI Inc. dropped more than 10% after the company's Q4 earnings release. Investors reacted harshly to a decline in revenue, which was primarily driven by revenue recognition timing of the company's lumpy licensing deals. More reliable long-term indicators are the new robotaxi routes that Pony AI received approval for in Beijing and Guangzhou in mid-Q1, which will contribute more meaningfully to revenue in Q2.
Pony AI Inc. (NASDAQ:PONY ) Q4 2024 Results Conference Call March 25, 2025 8:00 AM ET Company Participants George Shao - Head of Capital Markets & Investor Relations James Peng - Chairman of the Board, Co-founder & Chief Executive Officer Tiancheng Lou - Director, Co-founder & Chief Technology Officer Leo Wang - Founding Member & Chief Financial Officer Conference Call Participants Verena Jeng - Goldman Sachs Ming-Hsun Lee - Bank of America Bin Wang - Deutsche Bank Purdy Ho - Huatai Securities Operator Ladies and gentlemen, thank you for standing by and welcome to Pony AI Inc's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Pony AI: A High-Growth Bet On Self-Driving Tech
Pony AI (PONY 32.05%) stock posted explosive gains this week. The share price of the Chinese autonomous vehicle technologies company ended the stretch up 42.7% compared to its level at the previous week's close, according to data from S&P Global Market Intelligence.
Pony AI Inc.'s recent IPO at $13 per share offered a promising international investment in a rapidly growing autonomous driving company. Pony AI, the first autonomous taxi company in China, is developing both Level 4 and Level 5 autonomous driving technologies, similar to Waymo in the U.S. The company targets massive end markets: Robotaxis ($66.6 billion by 2030) and robotrucks ($605 billion by 2035), with significant revenue from licensing its IP to the likes of Toyota.