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

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