Latest news with #Gen-7
Business Times
13-08-2025
- Automotive
- Business Times
Pony AI nears full-year robotaxi target despite scaling hurdles
[HONG KONG] Pony AI said that it was confident it would meet its 2025 robotaxi vehicle output target, while acknowledging it will still take time to commercialise the industry. Over 200 of the company's Gen-7 Robotaxi vehicles have been rolled out since mass production started two months ago, putting the firm on track to hit its 1,000 vehicle goal by year-end, chief executive officer James Peng said. 'We have laid a solid foundation for large-scale commercial robotaxi operation,' Peng told an earnings call late Tuesday (Aug 12). Robotaxi services revenue climbed 158 per cent to US$1.5 million in the second quarter from the same period in 2024, according to a company filing. Still, the road to scaling hundreds of commercial robotaxis remains challenging. Most countries, other than the US and China, remain unready for large-scale deployment, chief financial officer Leo Wang told the call. The current limitations mean it could take time to develop a sustainable fare-charging business model, he said. 'I would also emphasise that scaling a full driverless robotaxis fleet demands a fundamentally higher level of safety and operation rigour,' he added. 'This leap from dozens to hundreds is a big jump in complexity.' Second-quarter net loss amounted to US$53.3 million, compared to US$30.9 million in the same period last year. Research and development expenses rose 69 per cent to US$49 million from the same quarter in 2024, amid higher investments for Gen-7 vehicles. BLOOMBERG
Yahoo
10-07-2025
- Automotive
- Yahoo
Pony AI's Gen-7 Robotaxi enters mass production
Pony AI has commenced the mass production of its seventh-generation (Gen-7) Robotaxi, propelling the company towards its target of a 1,000-vehicle fleet by the end of the year. In April, the company revealed its Gen-7 autonomous driving system at the Shanghai Auto Show and has since initiated 'mass production' of the Guangzhou Automobile Group (GAC) in June, and Beijing Automotive Industry Corporation (BAIC) Gen-7 Robotaxi models in July. Following the commencement of mass production, Pony AI also started road testing in Guangzhou and Shenzhen, moving from laboratory and closed-track testing to real-world traffic scenarios. The Gen-7 system features a platform-based design for quick adaptation across different vehicle models and is said to be the first in the world to leverage 100% automotive-grade components. It is claimed to reduce bill-of-materials expenses for the autonomous driving kit by 70% as compared to the earlier generation. Established in 2016, Pony AI operates in China, East Asia, the Middle East, and Europe. Utilising its vehicle-agnostic virtual driver technology, which merges the software, hardware, and services, the company is said to be forging a commercially viable business model. This model facilitates the mass production as well as the deployment of vehicles for various transportation needs. In a move to expand its global footprint, Pony AI partnered with Dubai's Roads and Transport Authority in May 2025, aiming to introduce the advanced robotaxi fleet to the Middle Eastern region. In April, joined forces with Tencent Cloud and Smart Industries Group, the cloud business division of Tencent Holding, to progress autonomous driving technology. "Pony AI's Gen-7 Robotaxi enters mass production" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
