Latest news with #BAIC
Yahoo
14-07-2025
- Automotive
- Yahoo
Pony.ai Commences Mass Production of Gen-7 Robotaxi, Targets 1,000-Vehicle Fleet by Year-End
Pony AI Inc. (NASDAQ:PONY) is one of the best new tech stocks with huge upside potential. On July 10, Pony AI commenced the mass production of its 7th-generation (Gen-7) Robotaxi to expand its fleet to 1,000 vehicles by the end of 2025. The company revealed its Gen-7 autonomous driving system at the Shanghai Auto Show in April this year. Following this, mass production of the Guangzhou Automobile Group/GAC Gen-7 Robotaxi models began in June, and Beijing Automotive Industry Corporation/BAIC Gen-7 Robotaxi models started in July. The Gen-7 system features a platform-based design that allows for quick adaptation across different vehicle models. A fleet of electric vehicles in a cityscape, representing the companies success in urban transportation. It is notable for being the first in the world to utilize 100% automotive-grade components. This design also reduces the bill-of-materials expenses for the autonomous driving kit by 70% compared to the earlier generation. Following the commencement of mass production, Pony AI also initiated road testing of the Gen-7 Robotaxis in Guangzhou and Shenzhen. Pony AI Inc. (NASDAQ:PONY) engages in the autonomous mobility business in China, the US, and internationally. While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-07-2025
- Automotive
- Yahoo
PONY AI Inc. Begins Mass Production and Road Testing of Multiple Gen-7 Robotaxi Models
NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that its seventh-generation ('Gen-7') Robotaxi recently entered mass production for multiple models and began road testing. This milestone brings significantly closer to its goal of expanding its fleet to 1,000 vehicles by the end of 2025, laying a strong foundation for future large-scale commercial deployment. After unveiling its Gen-7 autonomous driving system at the Shanghai Auto Show in April, commenced mass production of the Guangzhou Automobile Group ('GAC') and Beijing Automotive Industry Corporation ('BAIC') Gen-7 Robotaxi models in June and July, respectively. The seamless integration of leading autonomous driving technology into both GAC and BAIC vehicles highlights the strength of these partnerships, while ensuring the highest standards of quality and safety throughout component sourcing, pre-installation, and final assembly. Shortly after mass production, also began road testing in Guangzhou and Shenzhen. These achievements demonstrate the operational synergies, marking a critical transition from laboratory and closed-track validation to real-world traffic environments. The Gen-7 autonomous driving system delivers three major advancements: it is the world's first to utilize 100% automotive-grade components, achieve a 70% reduction in bill-of-materials ('BOM') costs for the autonomous driving kit ('ADK') compared to the previous generation, and feature an enhanced platform-based design that enables rapid adaptation across multiple vehicle models. Marking 2025 as its 'year of mass production,' the Company is on track to build a fleet of more than 1,000 vehicles by year-end — paving the way for scalable growth and substantial commercial opportunities. 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: 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@
Business Times
11-06-2025
- Automotive
- Business Times
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
[SHANGHAI] Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory pressure as the backlash to a punishing price war grows. Chinese authorities issued new rules in March that require big companies to settle most payments with suppliers within 60 days, which became effective June 1. However, suppliers had been worried that there were loopholes for the rules to be circumvented. Automakers issuing pledges on Wednesday (Jun 11) included BYD, Chery and state-owned automakers BAIC and SAIC as well as smaller players like Xpeng and Xiaomi. Chery in its statement, for example, said it would strive to speed up the turnover of capital in the supply chain. But like other automakers, it did not mention how much of an improvement this would represent. The pledges come after China's industry ministry summoned automakers to a meeting last week where they were told to put an end to the price war and excessive competition – factors which have put tremendous pressure on the industry's supply chain. Even so, the China Iron and Steel Association felt compelled to publish a statement on Tuesday that said steel companies were struggling with little profit margin and mounting liquidity pressure as some automakers have been asking for price cuts of more than 10 per cent since last year and delaying payments by months. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The association also asked Chinese automakers to learn from the steady and healthy partnerships that Japanese automakers have with their suppliers, which leave a certain amount of profit for suppliers and ensure product quality and innovation. Tension has been high in China's auto industry as the price war which began in early 2023 has shown little sign of abating. In May, Great Wall Motor chairman Wei Jianjun worried openly about the deepening price war. He even said that the industry had its own version of property developer Evergrande which was liquidated last year after a major debt crisis, although he did not mention a specific auto company. This month, Chinese auto dealers also complained, calling on automakers to stop offloading too many cars on dealerships, saying the intense price war was damaging their cash flow, driving down their profitability and forcing some to shut. Yang Hongze, chairman of Autolink, a supplier of intelligent vehicle technologies, said he welcomed the automakers' pledges. 'It is a pleasant but difficult change for the industry to move towards a healthy development and grow together,' he said. But he added he would like more clarity from automakers about whether payments would be made in cash or commercial paper, and what would be considered the start date for the 60-day period to pay. In their pledges, BAIC and SAIC vowed not to pay suppliers with commercial paper. It was not immediately clear from their statements how often they had used commercial paper as a form of payment. The companies did not immediately respond to Reuters requests for comment. Commercial paper has been commonly used in the property sector, popular among developers because it is not categorised as interest-bearing debt. It promises suppliers a payment on a future fixed date, usually within one year, though the suppliers sometimes sell the paper before maturity at a discount in the secondary market. REUTERS
The Sun
10-06-2025
- Automotive
- The Sun
BAIC Announces 2025 Vehicle Lineup for International Automotive &Supply Chain EXPO (HONG KONG)
HONG KONG SAR - Media OutReach Newswire - 9 June 2025 - From June 12 to 15, the INTERNATIONAL AUTOMOTIVE&SUPPLY CHAIN EXPO in Hong Kong will host a major international auto show under the theme 'New Car, New Journey.' The event will bring automakers, experts and media together showcasing future mobility innovation and trends. At the upcoming exhibition, BAIC Group will present both passenger and commercial lineup, such as the BJ40PLUS RHD and X55 II RHD. BEV models include ARCFOX αS5, ARCFOX αT5 and STELATO S9(REEV). Internationalization is one of BAIC Group's core the general platform of internationalization, BAIC INTL comprehensively coordinates the overseas business. Since its established in 2013, BAIC INTL has expanded to more than 50 countries, establish nearly 300 sales network , and set up eight KD plants—including one wholly owned overseas production base. Its portfolio consists of three distinct brands: BAIC, focused on mainstream and off-road models; ARCFOX, a high-end NEV brand expanding from electric to hybrid offerings; and STELATO, targeting the luxury new energy segment. At the show, BAIC will unveil a range of advanced technologies, including its self-developed Polaris EV platform and the world's first AI-integrated cockpit system. Driven by artificial intelligence, the company is building a closed-loop innovation system that connects user insight, product development, and after-sales service—enabling continuous product evolution and a more intelligent mobility experience. From June 12 to 15, visit Booth C02, Hall 6 at AsiaWorld-Expo to discover how BAIC is driving the next chapter of global mobility—powered by technology, guided by innovation.
Arabian Post
09-06-2025
- Automotive
- Arabian Post
BAIC Announces 2025 Vehicle Lineup for International Automotive &Supply Chain EXPO (HONG KONG)
HONG KONG SAR – Media OutReach Newswire – 9 June 2025 – From June 12 to 15, the INTERNATIONAL AUTOMOTIVE&SUPPLY CHAIN EXPO in Hong Kong will host a major international auto show under the theme 'New Car, New Journey.' The event will bring automakers, experts and media together showcasing future mobility innovation and trends. At the upcoming exhibition, BAIC Group will present both passenger and commercial lineup, such as the BJ40PLUS RHD and X55 II RHD. BEV models include ARCFOX αS5, ARCFOX αT5 and STELATO S9(REEV). ADVERTISEMENT Internationalization is one of BAIC Group's core the general platform of internationalization, BAIC INTL comprehensively coordinates the overseas business. Since its established in 2013, BAIC INTL has expanded to more than 50 countries, establish nearly 300 sales network , and set up eight KD plants—including one wholly owned overseas production base. Its portfolio consists of three distinct brands: BAIC, focused on mainstream and off-road models; ARCFOX, a high-end NEV brand expanding from electric to hybrid offerings; and STELATO, targeting the luxury new energy segment. At the show, BAIC will unveil a range of advanced technologies, including its self-developed Polaris EV platform and the world's first AI-integrated cockpit system. Driven by artificial intelligence, the company is building a closed-loop innovation system that connects user insight, product development, and after-sales service—enabling continuous product evolution and a more intelligent mobility experience. From June 12 to 15, visit Booth C02, Hall 6 at AsiaWorld-Expo to discover how BAIC is driving the next chapter of global mobility—powered by technology, guided by innovation. Hashtag: #BAIC The issuer is solely responsible for the content of this announcement.
