Pony AI Inc.

Pony is a leader in the large-scale commercialization of autonomous mobility. The company focuses on autonomous driving technology. Pony was among the first in China to secure licenses for fully driverless robotaxi operations in Beijing, Shanghai, Guangzhou, and Shenzhen. It is also the first company in China to receive regulatory approval for driverless robotruck platooning tests on cross-provincial highways. As of March 31, 2026, Pony operated a fleet of over 1,400 robotaxis, which had accumulated over 65.0 million kilometers of autonomous driving mileage. The company expanded into Croatia, Hangzhou, and Changsha in March 2026. Pony has a joint venture with Toyota and GTMC to advance the mass production and large-scale deployment of fully driverless robotaxis in China. The company also partners with OEMs like BAIC, GAC, and SAIC to deploy vehicles in overseas markets. Pony's Robotaxi business achieved city-wide unit economics breakeven in Shenzhen in February 2026, following the same milestone in Guangzhou in November 2025. The total paid orders in Shenzhen from January to mid-February 2026 exceeded the aggregate number for the entire year of 2025. The daily net revenue per Gen-7 vehicle reached RMB394 in Shenzhen on March 22, 2026, with 25 orders per vehicle for the day.