Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth

PR Newswire

GUANGZHOU, China, March 25, 2025

GUANGZHOU, China, March 25, 2025 /PRNewswire/ -- On March 25th, Pony.ai (Nasdaq: PONY) announces unaudited Q4 and FY2024 financial results.

   -- FY total revenue rose to US$75.0 million, up 4.3% from FY2023, largest L4 
      autonomous mobility company in China by revenue. 
 
   -- FY robotaxi service revenue was US$7.3 million, driven by service 
      expansion in tier-1 Chinese cities. Co. expects growth to continue, 
      supported by Gen-7 models deployment. 
 
   -- Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D. 
 
   -- Cash and cash equivalents, short-term investments and restricted cash, 
      and long-term debt instruments for wealth management were US$825.1 
      million as of end-2024. Ample funding to facilitate robotaxi scaling. 
 
   -- Firmly promotes "robotaxi first, China first, tier-1 cities first" 
      strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass 
      production. 
 
   -- To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 
      2025. 
 
   -- PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped 
      improve safety record by 16X; Reduce commercial insurance cost per 
      vehicle to <50% of traditional taxis. 
 
   -- CEO James Peng: Eager to execute our mass production roadmap, accelerate 
      beyond the inflection point of scaled commercialization, and build a 
      world where autonomous mobility is safer, more efficient, and accessible 
      than ever before. 

Learn more: Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results

Media Contact: media@pony.ai

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SOURCE Pony.ai

(END) Dow Jones Newswires

March 25, 2025 07:04 ET (11:04 GMT)