Overview

• Pony AI has partnered with Mowasalat (Karwa) to deploy autonomous vehicles in Qatar and has begun public-road testing in Doha.
• Early trials are running with safety operators onboard and target localization of the driving stack to local weather, road infrastructure, and traffic patterns.
• Shares rose as much as 12% in early trading Monday and closed up 10.94% at $16.63.
• Some market watchers attributed the rally to expectations of Chinese policy support rather than fresh company-specific news.
• Pony AI remains unprofitable, reporting under $86 million in revenue over the past year and nearly $320 million in losses, with about $600 million in cash and an estimated four-year runway at its current burn rate.