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 ...

Pony AI Inc. (NASDAQ:PONY) Q4 2024 Results Conference Call March 25, 2025 8:00 AM ET Company Participants George Shao - Head of Capital Markets & Investor Relations James Peng - Chairman of the Board, Co-founder & Chief Executive Officer Tiancheng Lou - Director, Co-founder & Chief Technology Officer Leo Wang - Founding Member & Chief Financial Officer Conference Call Participants Verena Jeng - Goldman Sachs Ming-Hsun Lee - Bank of America Bin Wang - Deutsche Bank Purdy Ho - Huatai Securities Operator Ladie ...

Pony AI (PONY) Q4 2024 Earnings Call March 25, 2025 08:00 AM ET Company Participants George Shao - Head of Capital Markets & IRJun Peng - Chairman, Co-Founder & CEOTiancheng Lou - Director, Co-founder & CTOHaojun Wang - CFOBin Wang - VP - Investment Banking Conference Call Participants None - AnalystMing Hsun Lee - AnalystPurdy Ho - Chief Analyst for Overseas Technology Operator Ladies and gentlemen, thank you for standing by, and welcome to Pony AI Inc. Fourth Quarter and Full Year twenty twenty four Earni ...

Group 1 - Pony.ai reported a revenue of 548 million yuan for 2024, representing a year-on-year growth of 4.3% [1] - The company's revenue for 2022 and 2023 were 472 million yuan and 510 million yuan respectively, marking three consecutive years of revenue growth [1] - In 2024, Pony.ai's autonomous driving ride-hailing service generated revenue of 53.28 million yuan, while the Robotaxi business achieved a quarterly revenue of 259 million yuan in Q4 [1] Group 2 - The autonomous driving industry is still in a pre-profit state, with WeRide reporting a revenue of 361 million yuan in 2024, down 10% from 402 million yuan the previous year [2] - Mobileye's revenue for 2024 decreased by 20.4% to 1.654 billion USD, with a net loss reaching 3 billion USD [2] - Industry experts emphasize the importance of actual scalable commercial applications and the ability to adapt to new technological changes for autonomous driving companies [2] Group 3 - The profitability plans of autonomous driving companies are now on the agenda, with LoBot planning to achieve break-even in Wuhan by the end of 2024 and full profitability by 2025 [2] - Pony.ai's Robotaxi is expected to reach single-vehicle break-even between 2025 and 2026, with profitability dependent on the speed of Robotaxi deployment [2] - Current regulatory progress and technological advancements may accelerate production capacity ramp-up, potentially leading to profitability before 2029 [2]

Pony AI (PONY) Q4 2024 Earnings Call March 25, 2025 08:00 AM ET Company Participants George Shao - Head of Capital Markets & IRJun Peng - Chairman, Co-Founder & CEOTiancheng Lou - Director, Co-founder & CTOHaojun Wang - CFOBin Wang - VP - Investment Banking Conference Call Participants None - AnalystMing Hsun Lee - AnalystPurdy Ho - Chief Analyst for Overseas Technology Operator Ladies and gentlemen, thank you for standing by, and welcome to Pony AI Inc. Fourth Quarter and Full Year twenty twenty four Earni ...

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 an ...

Core Insights - Pony.ai has achieved significant milestones in 2024, transitioning to a public company and positioning itself as a leader in the commercialization of autonomous mobility [2][37] - The company aims to accelerate its growth in 2025, focusing on scaling production and enhancing the safety and efficiency of its autonomous mobility solutions [2][37] Financial Performance - Total revenues for the fourth quarter of 2024 were US$35.5 million, a decrease of 29.8% from US$50.6 million in the fourth quarter of 2023 [18] - The net loss for the fourth quarter of 2024 was US$181.1 million, compared to US$20.7 million in the fourth quarter of 2023 [17] - For the full year 2024, total revenues were US$75.0 million, representing an increase of 4.3% from US$71.9 million in 2023 [22] Cost Structure - Total cost of revenues in the fourth quarter of 2024 was US$28.1 million, down 16.1% from US$33.4 million in the fourth quarter of 2023 [14] - Operating expenses surged to US$180.6 million in the fourth quarter of 2024, an increase of 313.9% from US$43.6 million in the fourth quarter of 2023 [19] - Research and development expenses reached US$147.8 million in the fourth quarter of 2024, a 375.7% increase from US$31.1 million in the fourth quarter of 2023 [19] Operational Developments - Pony.ai launched its first paid robotaxi service in Beijing on March 13, 2025, connecting major transport hubs [3] - A partnership with ComfortDelGro was established to launch a robotaxi pilot program in Guangzhou, enhancing service quality through collaboration [4] - The company became the first in China approved for autonomous truck platooning tests, indicating advancements in logistics efficiency [6][7] Strategic Partnerships - A strategic cooperation agreement was signed with GAC Aion to develop a fully driverless, mass-produced robotaxi, with initial deliveries expected in 2025 [9] - A partnership with BAIC BJEV aims to develop L4 robotaxis, targeting the Chinese market with the ARCFOX αT5 model [10] - Collaboration with Amap allows integration of Pony.ai's robotaxis into Amap's ride-hailing services, expanding user access [8] Global Expansion - Pony.ai secured an autonomous driving test permit in Seoul, marking a significant step in its global expansion efforts [11] - The establishment of a European hub in Luxembourg aims to advance the development of autonomous mobility solutions in the region [12]

Summary of the Conference Call on Autonomous Driving Technology Testing Industry and Companies Involved - The conference call focuses on the autonomous driving technology testing conducted by **Xiaopeng Motors** and **Pony.ai** in the Yizhuang area, Beijing [2][3][4]. Core Insights and Arguments - **Testing Background**: The test aimed to objectively compare the autonomous driving performance of Xiaopeng Motors and Pony.ai, conducted over a one-hour journey divided into three segments, each approximately 7 kilometers long [2]. - **Pony.ai Performance**: Demonstrated stable performance with mature technology, equipped with LiDAR, and a responsive navigation system capable of continuous navigation to multiple destinations [3][4]. - **Xiaopeng Motors Performance**: The pure vision system performed well in initial tests, with smooth lane changes and overtaking, but faced challenges in recognizing complex traffic signals [3][4][8]. - **Speed Control Strategies**: Xiaopeng Motors limited its Navigation Guided Pilot (NGP) speed to 55 mph at night, while Pony.ai typically maintained speeds below 60 mph unless obstacles were detected, highlighting different safety strategies [11]. - **Driving Strategies**: Xiaopeng Motors focused on efficiency with frequent lane changes, while Pony.ai emphasized safety and stability by maintaining a larger following distance [12]. - **Potential of Autonomous Driving**: The technology has significant potential in first-tier cities to enhance traffic efficiency and travel experience, although consumer acceptance will take time [13][23]. - **Future of RoboTaxi**: The era of RoboTaxi is expected to arrive sooner than anticipated, with both companies likely converging towards L4 level autonomous driving as technology advances [6]. Other Important Insights - **Challenges Encountered**: The test faced challenges such as handling unprotected left turns and increased traffic at night, which required quick responses from both systems [5][8]. - **Testing Environment**: The route chosen was relatively simple, lacking complex scenarios, which may have limited the testing's excitement but provided a stable environment for evaluation [16][20]. - **Regulatory Environment**: The test was conducted without regulatory issues, achieving zero manual takeover throughout the process [22]. - **Future Research Plans**: The team plans to continue in-depth research and comparisons of different brands and models, aiming to produce comprehensive reports and conduct more extensive testing [25]. This summary encapsulates the key points discussed during the conference call, providing insights into the performance and strategies of Xiaopeng Motors and Pony.ai in the autonomous driving sector.

Core Viewpoint - Pony AI Inc. is set to report its unaudited financial results for Q4 and full year 2024 on March 25, 2025, indicating a significant upcoming event for investors and stakeholders [1]. Financial Reporting - The earnings conference call will take place on March 25, 2025, at 8:00 A.M. U.S. Eastern Time, allowing participants to engage directly with the company's management [2]. - Participants must register online to join the call, receiving a confirmation email with necessary details [2]. Access to Information - A replay of the conference call will be available until April 1, 2025, providing additional access to the information discussed [3]. - The company will also offer a live and archived webcast of the conference call on its investor relations website [3]. Company Overview - Pony AI Inc. is recognized as a global leader in the commercialization of autonomous mobility, utilizing its Virtual Driver technology for a full-stack autonomous driving solution [4]. - The company has been operational since 2016 and has expanded its reach across various regions, including China, Europe, East Asia, and the Middle East, enhancing the accessibility of its technology [4].