小马智行发布2025Q2财报：Robotaxi车辆总数突破500台，总营收1.54亿元同比涨75.9%

Core Insights - The core viewpoint of the article highlights the significant growth and operational advancements of the autonomous driving company Pony.ai, particularly in its Robotaxi business, which is on track to scale up its fleet and revenue significantly by the end of 2025 [2][3][4] Financial Performance - In Q2 2025, Pony.ai reported total revenue of 154 million RMB (21.5 million USD), marking a year-on-year increase of 75.9% and a quarter-on-quarter increase of 53.5% [2] - The Robotaxi business generated revenue of 10.9 million RMB (1.5 million USD) in Q2, reflecting a year-on-year growth of 157.8%, with passenger fare income increasing by over 300% [3] Operational Expansion - The total number of Robotaxi vehicles surpassed 500, with expectations to exceed 1,000 by the end of 2025 [2] - The company has initiated mass production of its seventh-generation Robotaxi in collaboration with BAIC and GAC, producing over 200 vehicles within two months [2] Market Position and Strategy - Pony.ai is the only company in China offering fully autonomous Robotaxi services in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, covering over 2,000 square kilometers [3] - The company has optimized pricing and operational strategies to enhance user engagement, resulting in a 136% year-on-year increase in registered users [3] Cost Efficiency and Profitability - The CFO indicated that the strong performance demonstrates a scalable and sustainable business model, with significant improvements in the unit economics of Robotaxi operations [4] - Adjusted R&D expenses for Q2 2025 were 316 million RMB, as the company accelerates production and commercialization of the seventh-generation Robotaxi [4]