Latest news with #LouTiancheng
The Star
30-07-2025
- Automotive
- The Star
Pony.ai steps up mass production of robotaxis, targets overseas expansion
Chinese autonomous driving technology firm is gearing up to mass produce driverless cabs to make its robotaxis widely available and more affordable, as technological advancement helps shorten its path to commercialisation. The Guangzhou-based company – the only firm with approval to operate robotaxi services on the mainland's four most developed cities – is banking on an accelerated pace of commercialisation at home and abroad to achieve cost efficiency, according to Lou Tiancheng, co-founder and chief technology officer. 'We are anticipating a pickup in production [of robotaxis],' he said in an interview on the weekend. 'Over the past few years, we have solidified our tie-ups with carmakers to attest to the feasibility of building a large volume of driverless cabs.' would partner with local carmakers GAC and BAIC, and Toyota of Japan in production, and target a fleet of 1,000 robotaxis by the end of this year, he added. Nasdaq-listed received a permit to run its robotaxis in Shanghai's Pudong New Area last week. The permit allows the company to charge fares, pioneering the move in the nation's major commercial and financial hub. will initially operate its fleet in the Jinqiao and Huamu areas totalling a combined 40 sq km. That will be gradually expanded to other parts of Pudong, China's 1,400 sq km pioneer zone to showcase progress in building a modern socialist system. 'We believe this milestone demonstrates Pony's technological and operational readiness in the robotaxi business,' BofA Securities said in a report on Monday, reiterating its buy recommendation. 'We believe that Pony will scale up its robotaxi fleet size and see improving profitability, given better economies of scale.' Meanwhile, has expanded its operations in Beijing, Guangzhou and Shenzhen, offering its services 'at any time'. It previously operated only between 7am and 11pm. The company is also looking to create new revenue sources by offering value-added in-car infotainment services to customers or supplying autonomous driving control systems to carmakers, Lou said. It was looking at Hong Kong, South Korea, the Middle East and Europe as potential markets to widen its reach, he added. Baidu's autonomous driving unit Apollo, and robotaxi start-up WeRide are deemed by analysts and industry officials as China's answer to US-based Waymo, the global leader in self-driving taxi service. Driverless cabs could account for 6 per cent of China's taxi market, aided by advanced digital infrastructure and public acceptance, HSBC said in a report earlier this month. China's robotaxi market could eventually be worth about US$40 billion a year, the bank said, without giving a time frame. reported a 4.3 per cent increase in revenue to US$75 million last year, while its net loss more than doubled to US$275 million. Shanghai authorities also granted licences to Baidu's Apollo, WeRide, Jinjiang Taxi, Dazhong Transportation and SAIC Motor to operate robotaxis in Pudong, on the sidelines of the three-day World Artificial Intelligence Conference in the city. The issuance of these licences – on a pilot basis – demonstrates Shanghai's efforts in advancing the development of driverless technology.
South China Morning Post
29-07-2025
- Automotive
- South China Morning Post
Robotaxis: Pony.ai sets mass production target with eye on overseas expansion
Chinese autonomous driving technology firm is gearing up to mass produce driverless cabs to make its robotaxis widely available and more affordable, as technological advancement helps shorten its path to commercialisation. The Guangzhou-based company – the only firm with approval to operate robotaxi services on the mainland's four most developed cities – is banking on an accelerated pace of commercialisation at home and abroad to achieve cost efficiency, according to Lou Tiancheng, co-founder and chief technology officer. 'We are anticipating a pickup in production [of robotaxis],' he said in an interview on the weekend. 'Over the past few years, we have solidified our tie-ups with carmakers to attest to the feasibility of building a large volume of driverless cabs.' would partner with local carmakers GAC and BAIC, and Toyota of Japan in production, and target a fleet of 1,000 robotaxis by the end of this year, he added. co-founder Lou Tiancheng speaks at a conference in Singapore on July 9. Photo: Reuters Nasdaq-listed received a permit to run its robotaxis in Shanghai's Pudong New Area last week. The permit allows the company to charge fares, pioneering the move in the nation's major commercial and financial hub. will initially operate its fleet in the Jinqiao and Huamu areas totalling a combined 40 sq km. That will be gradually expanded to other parts of Pudong, China's 1,400 sq km pioneer zone to showcase progress in building a modern socialist system.
Yahoo
26-06-2025
- Automotive
- Yahoo
Pony AI (PONY) Rallies 16.7% as Founder Not Threatened by Tesla Robotaxi Foray
We recently published . Pony AI Inc. (NASDAQ:PONY) is one of the stocks that soared higher on Tuesday. Pony AI jumped by 16.73 percent on Tuesday to end at $13.26 apiece as investor sentiment was buoyed by comments from its co-founder, suggesting that he was not threatened by Tesla's robotaxi operations. Pony AI Inc. (NASDAQ:PONY), an autonomous driving company based in China, is similarly expanding robotaxi operations into international markets. Last month, it partnered with Uber Technologies Inc. (NYSE:UBER) for the expansion of its robotaxis in key markets in the Middle East, as well as other countries. Pony AI Inc. (NASDAQ:PONY) co-founder Lou Tiancheng was quoted as saying in a report by Car News China that Tesla 'hasn't yet taken a seat at the L4 poker table,' which classifies vehicles with both driverless operations and large-scale deployment of autonomous vehicles. A fleet of autonomous vehicles driving down a sun-drenched highway. In recent news, Pony AI Inc. (NASDAQ:PONY) last week unveiled its seventh-generation Robotaxi at the 2025 International Automotive & Supply Chain Expo in Hong Kong. The Gen 7 robotaxi utilizes 100% automotive-grade components and boasts a 70% cost reduction in its autonomous driving kits. It is also designed for adaptability and supports integration across various vehicles. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-06-2025
- Automotive
- Yahoo
Pony AI (PONY) Rallies 16.7% as Founder Not Threatened by Tesla Robotaxi Foray
We recently published . Pony AI Inc. (NASDAQ:PONY) is one of the stocks that soared higher on Tuesday. Pony AI jumped by 16.73 percent on Tuesday to end at $13.26 apiece as investor sentiment was buoyed by comments from its co-founder, suggesting that he was not threatened by Tesla's robotaxi operations. Pony AI Inc. (NASDAQ:PONY), an autonomous driving company based in China, is similarly expanding robotaxi operations into international markets. Last month, it partnered with Uber Technologies Inc. (NYSE:UBER) for the expansion of its robotaxis in key markets in the Middle East, as well as other countries. Pony AI Inc. (NASDAQ:PONY) co-founder Lou Tiancheng was quoted as saying in a report by Car News China that Tesla 'hasn't yet taken a seat at the L4 poker table,' which classifies vehicles with both driverless operations and large-scale deployment of autonomous vehicles. A fleet of autonomous vehicles driving down a sun-drenched highway. In recent news, Pony AI Inc. (NASDAQ:PONY) last week unveiled its seventh-generation Robotaxi at the 2025 International Automotive & Supply Chain Expo in Hong Kong. The Gen 7 robotaxi utilizes 100% automotive-grade components and boasts a 70% cost reduction in its autonomous driving kits. It is also designed for adaptability and supports integration across various vehicles. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
01-05-2025
- Automotive
- Yahoo
Why Pony AI Inc. (PONY) Went Down On Tuesday
We recently published a list of . In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other companies that were heavily sold down. Wall Street's main indices finished stronger on Tuesday, buoyed by the influx of more corporate earnings results. The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent. Despite the wider market optimism, 10 companies managed to register declines, predominantly due to investors exercising caution coupled with companies' dismal earnings performance during the past quarter. In this article, we have identified Tuesday's 10 worst-performing stocks and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A computer programmer working on a holographic digital twin technology software solution. Pony AI Inc. (NASDAQ:PONY) Pony AI dropped its share prices by 6.49 percent to end at $9.65 apiece as investors resorted to profit-taking following Monday's surge, supported by news that it was entering the robotaxi industry and nearing profitability. According to reports quoting PONY's chief technology officer, Lou Tiancheng, the company was already nearing profitability after clearing significant challenges on the costs of materials. In a report by the Wall Street Journal, Tiancheng said that Pony AI Inc. (NASDAQ:PONY) can now build its autonomous driving system for 70 percent less. PONY is an autonomous driving technology company that supports carmakers in making vehicles to become autonomous. However, the company announced last week that it will start to develop an autonomous driving technology and offer robotaxi services soon. In an interview with CNBC on Friday, Pony AI Inc. (NASDAQ:PONY) CEO James Peng said that the firm is in talks with Tencent Cloud to offer robotaxi services on the latter's WeChat and other applications. Peng said both firms will benefit from the latter's huge user base and cloud offerings. Overall, PONY ranks 6th on our list of companies that were heavily sold down. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PONY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
