Latest news with #PonyWorld
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
