Latest news with #Pony.ai's
Korea Herald
2 days ago
- Automotive
- Korea Herald
Pony.ai Accelerates Gen-7 Robotaxi Deployment with Road Testing Launch in China's Guangdong
GUANGZHOU, China, June 6, 2025 /PRNewswire/ -- (NASDAQ:PONY), a global leader in autonomous driving technology, is ramping up its Robotaxi mass production and commercialization efforts with the launch of public road testing for its seventh-generation Robotaxis in China. The vehicles now testing on roads in the southern Chinese megacities of Guangzhou and Shenzhen are based on Guangzhou Auto(GAC)'s second-generation Aion V model and equipped with most advanced autonomous driving system, unveiled just over a month ago at the Shanghai Auto Show. recently obtained regulatory permit to conduct these road tests for its seventh generation Robotaxi jointly developed with GAC, marking a significant transition from laboratory and closed-track validation into real-world traffic environments. In April, debuted its Gen-7 autonomous driving system at the Shanghai Auto Show. The new system delivers three core advancements: the exclusive use of 100% automotive-grade components, a 70% reduction in BOM costs of the autonomous driving kit compared to previous generation, and enhanced platform-based design enabling rapid adaptation across multiple vehicle models. Equipped with six types of mass-production sensors providing 360-degree, blind-spot-free redundant perception, and incorporating proprietary sensor cleaning solution, the system effectively handles adverse weather and extreme scenarios. Built upon in-house developed "PonyWorld" model and utilizing reinforcement learning, it achieves safety standards exceeding human capabilities while continuously improving its ability to navigate complex, real-world conditions for full-scenario, all-weather operation. Dr. James Peng, CEO and Co-Founder of said:"The Aion V with 7th-Gen AD system deployed in these road tests represent a significant milestone in our deep collaboration and ecosystem synergy with GAC. Since launching our strategic alliance in 2018, we have continuously deepened our cooperation across L4 autonomous vehicle R&D, product deployment, and strategic investments." brings substantial experience to this launch, having amassed over 45 million kilometers in global autonomous test mileage. The company has established an operational network spanning more than 2,000 square kilometers across four first-tier cities in China, namely Beijing, Shanghai, Guangzhou, and Shenzhen, encompassing high-complexity scenarios such as high-speed rail stations, airports, and densely populated urban commercial areas. Moreover, the company has validated its technology through over 500,000 hours of fully driverless operation under diverse real-world conditions in the past two years. Targeting 2025 as its "mass production year," is transitioning from technology demonstration to large-scale deployment. Successfully boosting cost-efficiency in its latest Gen-7 system and achieving pre-installed production readiness enables the company to build a fleet exceeding 1,000 vehicles by year-end, unlocking significant economies of scale. To support widespread adoption, has established deep commercial partnerships with global leaders in technology, mobility services, and deployment platforms, including Tencent Cloud, Alipay, Amap, Ruqi Mobility, Shenzhen Xihu Group, global ride-hailing giant Uber, Singapore's mobility conglomerate ComfortDelGro, and Luxembourg's Emile Weber. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology.
Yahoo
6 days ago
- Business
- Yahoo
PONY AI Inc. Reaches Strategic Partnership with Xihu Group for Robotaxi Deployment in Shenzhen
SHENZHEN, China, June 02, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced a strategic partnership with Shenzhen Xihu Corporation Limited ('Xihu Group'), the city's largest taxi operator, to jointly deploy a fleet of more than 1,000 seventh-generation ('Gen 7') Robotaxis in Shenzhen in the coming years. This partnership marks a significant milestone in integrating autonomous driving with local mobility networks by adopting an "asset-light + AI-empowered model", accelerating the large-scale deployment of safe, efficient, and intelligent mobility services to a broader passenger base in tier-one cities in China. Xihu Group has extensive experience in fleet management with decades of experience in taxi fleet operation, local regulatory compliance and services and maintenance network, playing a crucial role in enabling to scale up Robotaxi services. By integrating Xihu Group's expertise with proprietary hardware-and-software technology, AI-powered order dispatch capability and deep understanding of user needs, both parties will work together to deliver a seamless autonomous mobility experience. Under the terms of the agreement, and Xihu Group will jointly deploy more than 1,000 Gen 7 Robotaxis in Shenzhen in the coming years. In addition, it is expected to be further empowered by an "asset-light + AI-empowered model", wherein Xihu Group will leverage its strength on fleet and asset operations, safety and service guarantees, and benefit economically from the fleet and asset operations. Meanwhile, will focus on AI technology innovations and scalable Robotaxi dispatch and service, creating a mutually beneficial outcome and accelerating the large-scale development. As the first company authorized to operate paid fully-driverless robotaxis within Shenzhen's city centers, has proven technical capabilities in navigating complex urban environments including tunnels, dense traffic, and irregular intersections. Going forward, will continue collaborating with more transportation service providers, automakers and third-party partners to promote mass deployment of autonomous mobility. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: About Shenzhen Xihu Corporation Limited Established in 1979, Shenzhen Xihu Corporation Limited is a large-scale comprehensive group with transportation as its main business, cultural tourism real estate and financial capital operation, integrating transportation, industry, trade, tourism, real estate, education and environmental protection industrial parks. Xihu Group is renowned in the Shenzhen industry for its high-quality service and standardized management, well-known as a pure electric taxi operator. Currently, it has nearly 5,000 electric taxis. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in filings with the SEC. All information provided in this press release is as of the date of this press release, and does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: RelationsEmail: ir@ RelationsEmail: media@ Christensen AdvisoryEmail: pony@ in to access your portfolio
Yahoo
06-05-2025
- Automotive
- Yahoo
Pony.ai Stock Jumps After Major Robotaxi Deal with Uber
Uber (NYSE:UBER) and (NASDAQ:PONY) unveiled a strategic partnership Tuesday to launch autonomous robotaxi services in the Middle East. Shares of soar after the news, up 7% on early Tuesday trading. The partnership will bring self-driving cars onto Uber's platform, starting in the region before expanding to more global markets. It's a big move for both companies, especially which is pushing hard to scale its driverless tech worldwide. The plan is to combine Uber's massive ride-hailing reach with Virtual Driver system, a vehicle-agnostic platform that works across a variety of car types and services. founded in 2016, already has a presence in China, East Asia, Europe, and parts of the Middle East. The company builds its own autonomous driving software and hardware in-house. While the tech looks promising, still faces financial headwinds. It's burning through cash, with profitability still out of reach and valuation metrics under pressure. This article first appeared on GuruFocus.
Business Wire
06-05-2025
- Automotive
- Business Wire
PONY AI Inc. and Uber Announce Strategic Partnership to Advance Autonomous Mobility
GUANGZHOU, China & SAN FRANCISCO--(BUSINESS WIRE)--Pony AI Inc. (' (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, and Uber Technologies, Inc. ('Uber') (NYSE: UBER), today announced a strategic partnership to deploy Robotaxis onto the Uber platform. The partnership is expected to first launch in a key market in the Middle East later this year, with a goal of scaling deployments to additional international markets in the future. Once available, when a rider requests a qualifying ride on the Uber app, they may be presented with the option to have their trip fulfilled by a autonomous vehicle. During the initial pilot phase, these vehicles will have a safety operator onboard, until the companies' fully autonomous commercial launch. This is a key step in global expansion strategy, leveraging its established ecosystem to showcase robust technological readiness. seventh-generation autonomous driving system facilitates the mass production of Robotaxis on a more scalable and cost-effective basis. This technological advancement aligns with the strategic goals of the partnership, empowering Uber's platform to more quickly and safely integrate autonomous vehicles as the collaboration expands to new markets. 'At our vision is to develop autonomous driving technology that is not only safe and reliable but also scalable, transforming daily transportation,' said Dr. James Peng, Co-founder and CEO of 'Partnering with Uber accelerates our shared mission to make autonomous mobility a real, everyday experience for more consumers around the world. By combining our proven autonomous systems, with Uber's unparalleled ride-hailing platform, we're poised to set a new standard for the commercialization of driverless services, starting in the Middle East before expanding to new markets.' 'Our partnership with is another meaningful step towards introducing the benefits of autonomous mobility to the world,' said Dara Khosrowshahi, CEO of Uber. 'As the leading on-demand platform of its kind, spanning mobility, delivery, and freight, Uber is uniquely positioned to help accelerate the commercialization of this exciting technology.' About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: About Uber Technologies, Inc. Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 58 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
Yahoo
29-04-2025
- Automotive
- Yahoo
Pony.ai's WeChat Robotaxi Rollout Targets Tesla, Waymo and Baidu Market Lead
(NASDAQ:PONY) and Tencent Cloud have forged a strategic collaboration to integrate autonomous ride-hailing service into Tencent's WeChat and Tencent Maps, the companies said in a Friday press release. Under the partnership, will leverage Tencent Cloud's infrastructure for data storage, map-data processing and information security, while Tencent gains access to seventh-generation robotaxi technology unveiled this week at the Shanghai Auto Show. A gabbro outcropstyle reference in literature simply denotes a durable rock formation used in mapping algorithms. Warning! GuruFocus has detected 1 Warning Sign with PONY. James Peng, co-founder and chief executive, said the tie-up accelerates our path to commercial robotaxi deployment by tapping Tencent's massive user base, without offering financial terms. plans to roll out test operations in select Chinese cities in the near future, he added. shares climbed about 12% in premarket U.S. trading, after jumping nearly 40% on Thursday following the Shanghai launch. The stock is still below its 52-week high. Tencent Cloud parent Tencent Holdings (TCEHY) saw its ADRs inch less than 1% on the news. faces competition from Alphabet's Waymo (NASDAQ:GOOG), Baidu (BIDU) and Tesla (NASDAQ:TSLA) as autonomous-taxi trials expand globally. According to YipitData, Waymo captured roughly 20% of Uber (NYSE:UBER) partner rides in Austin in late March. This article first appeared on GuruFocus.
