NEW YORK, April 03, 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 it has received a permit from Luxembourg's Ministry of Mobility and Public Works to begin Level 4 (L4) Robotaxi testing. This pivotal milestone comes as Pony.ai establishes its first dedicated European research and testing hub in Luxembourg, making it the first autonomous vehicle company to do so. Pony.ai's cu ...

NEW YORK, April 03, 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 it has received a permit from Luxembourg’s Ministry of Mobility and Public Works to begin Level 4 (L4) Robotaxi testing. This pivotal milestone comes as Pony.ai establishes its first dedicated European research and testing hub in Luxembourg, making it the first autonomous vehicle company to do so. Pony.ai’s c ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Pony AI Inc. ("Pony" or "the Company") (NASDAQ: PONY) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Pony investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. ...

NEW YORK, March 31, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pony AI Inc. ("Pony" or the "Company") (NASDAQ: PONY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Pony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On or around November 27, 2024, P ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Pony AI Inc. due to allegations of materially misleading business information issued by the company [1]. Financial Performance - Pony AI reported unaudited financial results for the quarter and full year ended December 31, 2024, with total revenue of $35.5 million in Q4 2024, a decrease of 29.8% from $50.6 million in Q4 2023, primarily influenced by the timing of project-based revenue recognition [3]. - The company's robotaxi services revenue fell to $2.6 million in Q4 2024, representing a decrease of 61.9% from $6.7 million in Q4 2023, driven by reduced service fees from autonomous vehicle engineering solutions [3]. Market Reaction - Following the announcement of the financial results, Pony AI's American Depositary Shares (ADSs) dropped by $1.07 per ADS, or 8.1%, closing at $12.14 per ADS on March 25, 2025 [3]. Legal Action - Investors who purchased Pony AI securities may be entitled to compensation through a class action lawsuit being prepared by Rosen Law Firm, which operates on a contingency fee basis [2]. - Interested investors can join the class action by submitting a form or contacting the law firm directly [2]. Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest ever against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Insights - Pony AI Inc. is under investigation by Holzer & Holzer, LLC for potential non-compliance with federal securities laws following the announcement of its unaudited financial results for Q4 and full year 2024 [1] - The company reported a decrease in revenue from robotaxi services in Q4, attributed to reduced service fees from autonomous vehicle engineering solutions due to the progression schedule of collaboration projects [1] - Following the financial results announcement, Pony AI's stock price experienced a decline [1] Financial Performance - For Q4 2024, Pony AI's revenue from robotaxi services decreased, indicating potential challenges in its business model [1] - The decrease in revenue was primarily linked to the company's engineering solutions and collaboration projects, suggesting a need for strategic reassessment [1] Legal Context - Holzer & Holzer, LLC is a law firm specializing in securities litigation, representing shareholders and investors in cases of corporate misconduct [3] - The firm has a history of recovering significant amounts for shareholders affected by fraud, indicating a proactive approach to investor protection [3]

Core Insights - Pony.ai has received authorization to operate paid fully-driverless robotaxis in Shenzhen's Nanshan District, marking a significant milestone for autonomous ride-hailing services in urban centers [1][2] - The expansion connects Nanshan with the existing service zone in Baoan District, addressing the demand for smart mobility solutions in a rapidly innovating area with a high concentration of businesses and commuters [2][3] Company Operations - The new permit allows Pony.ai to establish Shenzhen's first cross-district driverless network, linking key tech hubs in Nanshan with central areas in Baoan, enhancing connectivity for commuters [3] - The company has previously launched robotaxi services in Baoan District, which has a population of over 4 million, further solidifying its presence in Shenzhen [3] Technological Performance - Pony.ai's autonomous fleet has shown exceptional performance in Shenzhen's challenging urban environment, which includes heavy traffic and narrow lanes, indicating the maturity of its technology [4] - The company has accumulated nearly 45 million kilometers in autonomous testing, with 5 million kilometers in driverless mode, showcasing its commitment to innovation [5] Market Position - Pony.ai leads the autonomous mobility sector in China's tier-1 cities, with its robotaxis in Beijing and Guangzhou averaging over 15 daily paid rides per vehicle in the first half of 2024, reflecting growing passenger confidence [5] - The CEO of Pony.ai emphasized the importance of expanding fully driverless services to enhance public adoption and trust in autonomous technology [6] Service Features - Residents in authorized zones can book rides through Pony.ai's app or WeChat mini-program, with services operating daily from 7:30 AM to 10:00 PM, providing a reliable commuting option [6] - The company positions its service as an "all-weather mobility assistant," aiming to integrate autonomous vehicles into everyday life [6][7]

SHENZHEN, China, March 27, 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 that it has received the license to provide fully driverless commercial Robotaxi services in Shenzhen's Nanshan District. This milestone follows the successful launch of its paid robotaxi services in the neighboring Bao'an District. Pony.ai is the first and only company to receive approval for fully dri ...

NEW YORK, March 27, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Pony AI Inc. (NASDAQ: PONY) resulting from allegations that Pony AI may have issued materially misleading business information to the investing public.So What: If you purchased Pony AI securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Ros ...

Over the past month, investors have sold off all stocks that appear to be richly valued, or overly dependent on future technologies and future revenue streams – basically, the markets have disposed of most things that have any semblance of high risk.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a ...