Overview
- Revenue rose to US$25.4 million in Q3, up 72% year over year, with gross margin improving to 18.4% as the net loss widened to US$61.6 million and cash and short-term investments stood at US$587.7 million as of September 30.
- The fleet reached 961 robotaxis, including 667 Gen-7 vehicles, with management aiming to exceed 1,000 vehicles by year-end and to surpass 3,000 by the end of 2026.
- Gen-7 robotaxis achieved city-wide unit-economics breakeven in Guangzhou in November, averaging about 23 daily orders based on the first two weeks of commercial operations data.
- Shenzhen regulators granted a city-wide permit for fully driverless commercial robotaxi operations, enabling service without onboard safety drivers across nearly 2,000 square kilometers.
- Pony.ai completed a dual primary listing in Hong Kong raising more than US$800 million, and it unveiled a Gen-4 Robotruck with roughly 70% bill-of-materials cost reductions and initial deployment planned for 2026.