Latest news with #Ponyai
Yahoo
05-08-2025
- Automotive
- Yahoo
UBS starts Pony.ai, WeRide at Buy on their robotaxi's global expansion
-- UBS initiated coverage on Chinese autonomous driving firms and WeRide with Buy ratings, calling them early leaders in the global race to commercialize robotaxi technology. The brokerage set a price target of $20 on and $12 on WeRide, which implies around 53% and 41% upside, respectively. is described as the most advanced player in China's robotaxi market, already operating commercial, driverless services in all four tier-1 cities. UBS highlighted the company's seventh-generation vehicles developed with automakers BAIC and GAC, which will reduce vehicle costs below RMB300,000 by mid-2025. With average daily ride volumes on par with traditional taxis in major cities and flexible pricing to accelerate adoption, UBS expects Pony to scale quickly. It projects a 96% revenue CAGR through 2030, reaching $2.3 billion, and sees Pony capturing roughly 30% of China's robotaxi market. WeRide, meanwhile, stands out for its early international expansion and diversified product suite across robotaxis, robobuses, robosweepers, and robovans. With operations in 30 cities across 10 countries, WeRide aims to boost overseas revenue from less than 20% today to 50% over the medium term, capitalizing on stronger margins abroad. UBS noted the launch of WeRide's purpose-built GXR robotaxi, developed with Geely, which has begun unmanned commercial service in Beijing. UBS forecasts a 71% revenue CAGR through 2030, reaching RMB10 billion, and a combined 15% domestic and 10% international market share. While UBS sees both names as strong long-term bets, it flagged regulatory risks, execution hurdles, and the pace of L4 technology development as potential constraints. Related articles UBS starts WeRide at Buy on their robotaxi's global expansion After soaring 149%, this stock is back in our AI's favor - & already +25% in July If Powell goes, does Fed trust go with him? 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
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.
Zawya
07-07-2025
- Automotive
- Zawya
RTA signs deal with Pony.ai to launch autonomous vehicle pilot trials
DUBAI: Dubai's Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with a leading company specialising in autonomous driving technologies, to commence pilot trials of autonomous vehicles in the emirate. The trials are scheduled to begin later this year, paving the way for the launch of a fully driverless commercial service in 2026. recently unveiled seventh generation of its autonomous vehicles jointly developed with major automotive manufacturers such as Toyota, GAC, and BAIC. The company's vehicles are equipped with advanced artificial intelligence algorithms, supported by a sophisticated suite of sensors, including lidars, radars, and cameras, to ensure precise navigation and safety across varying road and weather conditions. The company has also established partnerships with leading technology firms such as Tencent and Alibaba to integrate robotaxi mobility services into platforms like WeChat and Alipay. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of Dubai's Roads and Transport Authority, and Dr. Leo Wang, Chief Financial Officer of attended the signing ceremony of the MoU between RTA and The MoU was signed on behalf of RTA by Ahmed Hashim Bahrozyan, CEO of Public Transport Agency, and on behalf of by Ann Shi, Vice President of Strategy and Business Development, in the presence of several officials from both parties. Mattar Al Tayer applauded the signing of the MoU with emphasising that the partnership would support Dubai's ongoing efforts to adopt autonomous mobility solutions and reinforce its global leadership in future mobility. He also expressed appreciation for the company's decision to choose Dubai as its global platform for expanding operations beyond China. Al Tayer added: 'RTA's continued expansion of partnerships with leading global companies in the field of autonomous mobility marks a key step towards achieving the Dubai Smart Self-Driving Transport Strategy, which aims to convert 25% of all trips in Dubai into autonomous journeys across various modes of transport by 2030. It underscores RTA's commitment to working closely with global technology leaders to advance the future of smart, efficient, and sustainable mobility.' 'The operation of autonomous taxis contributes to the integration of transport systems by facilitating the movement of public transport users and improving access to their final destinations in line with the first and last-mile strategy. Operating autonomous taxis will enhance the quality of life for residents and visitors in Dubai, improve road safety, and offer greater convenience in daily mobility across the emirate.' 'Autonomous mobility has become a present reality. Leading global companies are accelerating the development of technologies and software that power autonomous vehicles, while governments—through the relevant licensing and regulatory authorities—are working to provide the necessary infrastructure and establish the legislative and regulatory frameworks required to enable their operation.' Advancing Autonomous Driving Technologies CFO Dr. Leo Wang highlighted the regional significance of the partnership: "The collaboration with Dubai RTA exemplifies our commitment to deploying Level 4 autonomous technology in strategic global markets. By aligning our technological capabilities with RTA's visionary leadership, we're establishing foundational standards for intelligent transportation ecosystems across the MENA region.
Gulf Business
06-07-2025
- Automotive
- Gulf Business
Dubai's driverless future begins: RTA and Pony.ai to start trials in 2026
Dubai's Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with a global leader in autonomous driving technologies, to launch pilot trials of self-driving vehicles in the emirate later this year. The trials mark a key step toward a commercial rollout of fully driverless services by 2026. Read- a Silicon Valley-based company with strong ties to China, recently unveiled the seventh generation of its autonomous vehicles, developed in collaboration with leading automakers including Toyota, GAC, and BAIC, These vehicles feature cutting-edge artificial intelligence (AI) systems, along with a suite of advanced sensors, lidars, radars, and cameras, designed for precise navigation and safe operation in a range of road and weather conditions. The company has also forged partnerships with major technology players such as Tencent and Alibaba to integrate its robotaxi services into widely used digital platforms like WeChat and Alipay. The MoU was signed by Ahmed Hashim Bahrozyan, CEO of RTA's Public Transport Agency, and Ann Shi, vice president of Strategy and Business Development at The signing took place in the presence of Mattar Al Tayer, director general and chairman of the Board of Executive Directors at RTA, and Dr Leo Wang, CFO of along with several senior officials from both parties. Supporting Dubai's smart mobility vision Al Tayer praised the partnership as a major milestone in Dubai's ambition to become a global leader in smart and sustainable mobility. 'The signing of this MoU aligns with our ongoing efforts to adopt autonomous transport solutions and supports our Smart Self-Driving Transport Strategy,' he said. Dubai's strategy aims to make 25 per cent of all trips in the city autonomous by 2030. Al Tayer noted that such collaborations are crucial to achieving this target and reflect the emirate's commitment to building strong ties with global technology leaders. 'The operation of autonomous taxis will enhance the integration of transport networks, support first and last-mile connectivity, and improve accessibility for all. This initiative will contribute to better road safety, greater convenience, and an improved quality of life for residents and visitors,' Al Tayer added. He emphasised that autonomous mobility is no longer a futuristic concept, but an emerging reality. Governments, including Dubai's, are working to create the regulatory and infrastructure framework needed to support the deployment of self-driving vehicles. Expanding autonomous tech in the MENA region Dr Leo Wang said the partnership represents a strategic expansion of the company's global footprint. 'This collaboration with Dubai RTA demonstrates our readiness to deploy Level 4 autonomous driving technology in key international markets,' Wang said. 'By aligning our innovations with RTA's forward-thinking vision, we are laying the foundation for smart transportation ecosystems across the MENA region.' entry into the Dubai market follows successful deployments in other global cities and reflects increasing momentum in the adoption of autonomous transport technologies. The pilot program in Dubai will help assess the integration of self-driving vehicles into the city's mobility network and prepare for a commercial launch in 2026, supporting Dubai's long-term vision for smart, efficient, and sustainable transport.
The National
06-07-2025
- Automotive
- The National
Dubai's RTA and Pony.ai to trial autonomous taxis and plan 2026 commercial roll-out
Dubai's Roads and Transport Authority (RTA) has signed a preliminary agreement with a Chinese autonomous driving company, to start pilot trials of driverless vehicles in the emirate by the end of the year. The partnership aims to pave the way for the full commercial roll-out of autonomous taxis by 2026, in line with Dubai's goal to convert 25 per cent of all trips to self-driving transport modes by 2030. The agreement was signed on Sunday by Ahmed Hashim Bahrozyan, chief executive of RTA's public transport agency, and Ann Shi, vice president of in the presence of senior officials including RTA director general and chairman Mattar Al Tayer and chief financial officer Dr Leo Wang. Mr Al Tayer said the collaboration supports Dubai's broader vision to be a global leader in the field of autonomous mobility. "Operating autonomous taxis will enhance the quality of life for residents and visitors in Dubai, improve road safety, and offer greater convenience in daily mobility across the emirate," he said. "It also supports our first and last mile strategy, improving access to and from public transport." He added that "autonomous mobility has become a present reality", with global companies rapidly advancing technologies and software to support self-driving vehicles. which recently unveiled its seventh-generation autonomous vehicle platform developed with Toyota, Gac and BAIC, equips its vehicles with advanced artificial intelligence and a suite of sensors, including lidars, radars and cameras, to navigate varied weather and road conditions. Dr Wang said the partnership with Dubai reflects the company's global ambitions. "The collaboration with Dubai RTA exemplifies our commitment to deploying Level 4 autonomous technology in strategic global markets." Level 4 autonomy refers to vehicles that can operate without human input in pre-defined conditions or geographic areas. Abu Dhabi has also been testing self-driving taxis on Yas and Saadiyat Islands through partnerships with Bayanat and WeRide. In recent months, the UAE has accelerated its adoption of self-driving technologies across multiple sectors, including defence. A local company is developing an autonomous hybrid military vehicle aimed at competing with global leaders such as Tesla. In the aviation sector, Emirates Group's dnata is piloting autonomous ground service vehicles at airports. The RTA's latest agreement adds to a growing list of partnerships with global tech firms as Dubai positions itself as a leading hub for innovative, efficient and sustainable transport.
