Latest news with #PonyWorld
Yahoo
28-07-2025
- Automotive
- Yahoo
Pony.ai launches around-the-clock Robotaxi service in China
has started a 24/7 Robotaxi operation in China's Guangzhou and Shenzhen cities. This marks an expansion from a 15-hour service window to round-the-clock availability in the company's development strategy within the country. The company has also increased its Robotaxi testing period to 24 hours a day in Beijing city of China, building upon its foundation of more than 50 million kilometres of autonomous testing globally. These tests, which span various traffic and lighting conditions, are said to be crucial for assessing the system's real-world performance. employs a multi-sensor fusion architecture that combines a 128-beam light detection and ranging (LiDAR), eight-megapixel cameras, and four-dimensional (4D) millimetre-wave radar. These will deliver 360-degree perception in low-light or nighttime conditions, where traditional vision-only systems may falter. The company's use of LiDAR and radar provides essential redundancy, enhancing the detection of low-contrast objects and mitigating the effects of headlight glare. This ensures safer navigation on the roads that are dimly lit or unlit. The advanced autonomous driving software stack, built on the "PonyWorld foundation model and virtual driver" architecture, is deployed in the seventh-generation Robotaxi fleet. It enables the precise detection of road elements and pedestrians up to 650 meters away, even in adverse weather conditions, due to a sensor self-cleaning system. In April 2025, collaborated with Tencent Cloud and Smart Industries Group, the cloud business division of Tencent Holding, to advance autonomous driving technology. The following month, the company entered a strategic collaboration with Dubai's Roads and Transport Authority (RTA) to bring its advanced robotaxi fleet to the region, marking a step in the company's worldwide expansion efforts. " launches around-the-clock Robotaxi service in China" 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.
Yahoo
26-07-2025
- Automotive
- Yahoo
Pony.ai Kicks Off 24/7 Robotaxi Service In Guangzhou And Shenzhen
Pony AI (NASDAQ:PONY) launched 24/7 Robotaxi operations on Friday in Guangzhou and Shenzhen, significantly expanding its service hours in two of China's most dynamic economic hubs. This shift marks a key milestone in the company's Chinese expansion, increasing availability from 15 hours daily to full round-the-clock access. also extended its Robotaxi testing in Beijing to 24 hours a day. Backed by over 50 million kilometers of global autonomous driving tests, has validated its systems across various traffic and lighting conditions, from midday congestion to late-night proprietary 'virtual driver' has completed more than 500,000 hours of driverless operation, achieving a safety record reportedly up to ten times better than human drivers. The company's perception capabilities rely on a fusion of 128-beam LiDAR, 8-megapixel cameras, and 4D imaging millimeter-wave radar, enabling 360-degree, real-time awareness, even in low-light settings. advanced software stack, built on its PonyWorld foundation model, supports its seventh-generation Robotaxi fleet with high-precision detection of road features and obstacles, even up to 650 meters away. Earlier this week, commenced road testing of its Gen-7 BAIC Robotaxis in Beijing, with plans to extend these trials to Guangzhou and Shenzhen. The company surpassed 2 million km in Level 4 controller testing, cut costs by 80%, and reaffirmed plans to mass-produce 1,000 vehicles in 2025. shares surged over 106% over the past three months, far outperforming the over 11% gain in the NASDAQ Golden Dragon China Index. However, the stock gained just 0.7% year-to-date, lagging the index's 15%. In July, short seller Grizzly Research accused the company of falsifying autonomous driving data, using misleading marketing tactics, and falling behind competitors in service quality. The report also raised concerns about financial health, heavy reliance on Chinese state support, and doubts over a rumored U.S. partnership. In response, pointed to recent milestones, including the mass production of its Gen-7 Robotaxi and plans to expand its autonomous fleet to 1,000 vehicles by 2025. In a related development, Lucid Group (NASDAQ:LCID) interim CEO Marc Winterhoff praised the rapid progress of Chinese EVs and Robotaxis, calling their quality impressive, but maintained that Lucid still leads in ride comfort and driving dynamics. He confirmed Lucid would launch its Robotaxi operations in a U.S. city first, even as China continues to advance. Meanwhile, Lucid plans to deploy over 20,000 Robotaxis with Uber Technologies (NYSE:UBER) over six years. Price Action: PONY stock is trading higher by 2.77% to $14.85 premarket at last check Friday. Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Kicks Off 24/7 Robotaxi Service In Guangzhou And Shenzhen originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
25-07-2025
- Automotive
- Yahoo
Pony.ai Kicks Off 24/7 Robotaxi Operation in Major Chinese Cities
GUANGZHOU, China, July 25, 2025 /PRNewswire/ -- (NASDAQ: PONY), a global leader in autonomous driving technology, today starts around-the-clock Robotaxi operation in the Chinese megacities of Guangzhou and Shenzhen, two of southern China's dynamic economic engines. This move marks a major step forward in the company's China development, expanding its Robotaxi operation window from 15 hours a day to full 24/7 availability. In the meantime, also extended its Robotaxi testing window in the Chinese capital city of Beijing to 24 hours daily. The initiative builds on extensive operational foundation, with over 50 million kilometers of global autonomous testing. These efforts cover a wide range of traffic and lighting conditions — from midday congestion to late-night driving — providing robust validation of system performance under real-world scenarios. The company's proprietary autonomous driving system — its "virtual driver" — has logged more than 500,000 hours of driverless operation. According to internal metrics, the system has achieved a safety record up to ten times safer than that of human drivers. This continuous validation has sharpened the system's ability to respond to complex road environments and changing weather conditions. At the heart of sensing and perception capabilities is a multi-sensor fusion architecture that integrates high-performance 128-beam LiDAR, 8-megapixel cameras, and 4D imaging millimeter-wave radar. Together, these components deliver real-time, 360-degree perception — even in low-light or nighttime settings. Unlike vision-only systems that rely heavily on ambient light, use of active sensing technologies such as LiDAR and radar adds critical redundancy. This enables the detection of low-contrast objects like pedestrians in dark clothing, reduces the impact of headlight glare, and supports safe navigation on poorly lit or unlit roads. This level of capability is made possible by the company's advanced autonomous driving software stack, built on its "PonyWorld foundation model and virtual driver" architecture. Deployed in its seventh-generation Robotaxi fleet, the system enables stable, high-precision detection of road features, signage, vehicles, and pedestrians — from nearby blind spots to distances of up to 650 meters. To ensure reliability in harsh conditions, the vehicles are also equipped with a proprietary sensor self-cleaning system that mitigates the impact of rain, fog, dusts and road debris. As continues to scale its seventh-generation Robotaxi fleet across Beijing, Shanghai, Guangzhou, and Shenzhen, the company is positioning its always-on trials to help reshape urban transportation. The 24/7 operation initiative underscores commitment to accelerating the commercial viability of Robotaxi services — improving late-night mobility while setting new standards in safety and availability. As cities grow quieter after dark, late-night commuters may find a new kind of travel companion: a safe, reliable Robotaxi — always on, always ready. View original content: SOURCE Sign in to access your portfolio
Yahoo
29-04-2025
- Automotive
- Yahoo
PONY AI Inc. and Tencent Cloud Announce Strategic Partnership to Advance Autonomous Driving Technology and Robotaxi Commercial Deployment
SHANGHAI, China, April 25, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, announced a strategic partnership with Tencent Cloud and Smart Industries Group ("CSIG", or the "Tencent Cloud"), the cloud business of Tencent Holding Limited (HKEX: 00700, 'Tencent'), a world-leading Internet and technology company in China, to jointly advance autonomous driving technology and accelerate the commercialization of Robotaxi services. This partnership will amplify cutting-edge autonomous driving technology by leveraging Tencent's ecosystem — including Weixin, Tencent Maps and its robust cloud computing, big data and AI infrastructure. It marks a significant step forward for ongoing journey toward large-scale commercialization. By integrating Robotaxi services into Tencent's Weixin 'Mobility Services' platform and its digital mapping tool, Tencent Maps, this partnership will expand user reach — delivering safe, efficient, and intelligence transportation solutions to a broader user base. This collaboration will also drive innovation in operational models, product features and in-car infotainment systems to elevate user experience in the Robotaxi sector. In addition, will leverage Tencent's core competencies across cloud computing, big data, virtual simulation, and AI to further empower the performance of its proprietary PonyWorld virtual model, enabling it to effectively 'coach' the model to better handle real-world challenges. The collaboration will focus on co-developing a high-performance testing and simulation platform that supports the entire lifecycle of autonomous vehicle development — from large-scale model training to real-world deployment. This creates a solid foundation to allow autonomous vehicle practice within enhanced virtual environments, thereby improving its adaptability and decision-making precision for extreme scenarios. Dr. James Peng, Co-founder and Chief Executive Officer of "We are excited to collaborate with Tencent Cloud, a trusted technology partner that shares our vision of bringing safe and intelligent mobility solutions to everyone. Tencent's robust digital ecosystem will enable us to unlock new innovation opportunities and bring Robotaxi services even closer to users. This partnership sets a new milestone, accelerating the path to commercial Robotaxi deployment through user base expansion and platform cooperation while shaping the future of the industry." Mr. Xiangping Zhong, Vice President of Tencent Group, added, ' stands out as a clear leader in autonomous driving industry, setting benchmarks for technological innovation. We are thrilled to embark on this strategic partnership to support the next phase of Robotaxi development, with Tencent's strengths in cloud computing, mapping, and smart cabin ecosystems. This collaboration goes beyond mere technical integration, it marks the beginning of a long-term co-innovation journey for our users.' 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 Tencent Cloud Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation. 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
24-04-2025
- Automotive
- Yahoo
Why Shares of Pony AI Blasted 70% Higher This Week
Since last Friday, shares of Pony AI (NASDAQ: PONY), a China-based autonomous vehicle company, have blasted over 70% higher, as of 1:38 p.m. ET Thursday. The company recently rolled out its seventh-generation autonomous driving system at the auto show in Shanghai. Investors are clearly impressed by Pony AI's robotaxis, which are backed by Toyota. Management claims Pony's vehicles are 20% to 30% cheaper to make than those built by the U.S.-based Waymo. Pony also said it had cut its production costs on the vehicles by 70% from its previous generation, and that its self-driving systems are very safe. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » "The safety requirements for [Level 4] systems inherently surpass those of human drivers, which we believe is unattainable through merely imitating human behavior," Pony AI's chief technology officer, Tiancheng Lou, said in a statement. "Our proprietary PonyWorld generates realistic scenarios, conducts high-fidelity simulations, and establishes behavior evaluation benchmarks to make our autonomous decision-making go beyond human capability. Building on this advanced technology, our seventh-generation autonomous driving system not only makes [Level 4] autonomous driving possible but also ensures scalability at a manageable cost." CEO James Peng told the South China Morning Post that the new autonomous systems are more integrated than those made by Waymo and benefit from China's "... mature supply chain and ecosystem ..." Peng also said that mass production of the new vehicles will begin this year and scale up to 50,000 units by 2028. Pony AI generated about $75 million of revenue in 2024, while also turning in a loss of about $275 million. With a $2.5 billion market cap, that means it trades at a massive valuation. Obviously, investors are focused on the future, and the opportunity could be enormous. But early-stage companies like this can be very volatile, so if you are interested in investing, I would start with a small position and gradually accumulate shares as the company hits more milestones and reaches financial maturity. Before you buy stock in Pony Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Pony Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $566,035!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $629,519!* Now, it's worth noting Stock Advisor's total average return is 829% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Pony AI Blasted 70% Higher This Week was originally published by The Motley Fool
