Pony AI Jumps 14% Premarket After Soaring 39% in the Previous Trading Day

Tiger Newspress
25 Apr

Pony AI Inc jumped 14% in premarket trading on Friday after soaring 39% in the previous trading day.

Chinese autonomous driving startup Pony AI Inc has joined hands with internet giant Tencent Holdings to accelerate the commercialization of robotaxi services.

Tencent's mobile app network, which includes China's largest social media platform WeChat and online mapping service Tencent Map, will introduce Pony.ai's autonomous driving taxi services, Guangzhou-based Pony.ai announced today. Moreover, Pony.ai's robotaxis will be equipped with Tencent's app ecosystem to optimize the in-vehicle experience.

The pair will also collaborate on the research and development of Level 4 self-driving technologies. Tencent will leverage its technical strengths in cloud computing, big data, and artificial intelligence to assist Pony.ai in creating an efficient R&D testing platform that meets the large-scale training needs of L4 autonomous driving.

Founded in 2016, Pony.ai promotes the commercialization of advanced autonomous driving technology. It has initiated robotaxi trials in China's four first-tier cities -- Beijing, Guangzhou, Shanghai, and Shenzhen -- through partnerships with several automakers.

Pony.ai unveiled its seventh-generation autonomous driving system and robotaxi fleet at the 21st Shanghai International Automotive Industry Exhibition that kicked off on April 23. It also showcased robotaxis co-developed with Japan's Toyota Motor and China's BAIC Motor and GAC Group.

Thanks to the launch of such technological innovations, the company's stock price [NASDAQ: PONY] surged 82 percent to USD7.57 in the past two days.

Pony.ai expects to break even by 2028 or 2029, depending on the number of robotaxis it deploys for commercial operation, Chief Executive Officer Peng Jun said in an interview with the media at the Auto Shanghai 2025.

Last year, Pony.ai's net loss widened 120 percent to USD275 million from the previous year, mainly because of increased R&D expenses. Revenue rose 4 percent to USD75 million, but only USD7.3 million came from the robotaxi service business, with the remainder being generated from the self-driving truck and technology licensing businesses.

Pony.ai went public on the Nasdaq last November, raising USD452 million through its initial public offering.

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