SHENZHEN, China, June 02, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced a strategic partnership with Shenzhen Xihu Corporation Limited (“Xihu Group”), the city's largest taxi operator, to jointly deploy a fleet of more than 1,000 Pony.ai’s seventh-generation (“Gen 7”) Robotaxis in Shenzhen in the coming years. This partnership marks a significant milestone in integrating autonomous driving with local mobility networks by adopting an "asset-light + AI-empowered model", accelerating the large-scale deployment of safe, efficient, and intelligent mobility services to a broader passenger base in tier-one cities in China.
Shares of Pony.ai fell despite recent Dubai expansion, likely due to profit-taking after a sharp rally. Broader sector competition, with rivals like Tesla ramping up FSD, is adding further stock pressure.
Pony AI shares dropped Wednesday, retreating after Tuesday's surge from Dubai expansion news. The decline may reflect profit-taking after a recent 76% month-long gain.
The company reported RMB 525.3 million in revenue and secured new ADAS design wins and robotics deals while confirming the dismissal of all IP litigation.
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced its unaudited financial results for the first quarter ended March 31, 2025.
