Investor Presentation OCTOBER 2025 1 © 2025 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around our driverless operations and future financial and operating performance; our ...

Core Insights - Uber Technologies Inc. is a global leader in ride-sharing and food delivery services, making significant advancements in the autonomous vehicle sector, particularly in the robotaxi market through strategic partnerships with Baidu and Lucid [1][5] Market Performance - As of October 28, 2025, Uber's stock is priced at approximately $96.40, reflecting a slight decrease of 0.02% from a previous price of $95.90, with a daily trading range between $95.75 and $97.20 [2] - Uber's market capitalization is approximately $201 billion, with a 52-week high of $101.99 and a low of $59.33, indicating volatility in its stock performance [4][5] Industry Growth Potential - The global robotaxi market is projected to reach $45.7 billion by 2030, with a compound annual growth rate (CAGR) of 91.8% from 2023 to 2030, attracting significant interest from companies like Uber and WeRide [3][5]

Core Insights - Aurora Innovation, Inc. is recognized as one of the best mid-cap stocks to buy, with a current hold rating and a price target of $8 set by Evercore ISI [1] Financial Position - The company has maintained liquidity of $1.3 billion, which is projected to sustain operations until Q2 2027 [2] Strategic Vision - Aurora aims for a revenue target between $2 billion and $3 billion by 2028 and plans to transition to a driver-as-a-service model by 2027 through a phased approach [3] - The company has successfully surpassed 50,000 driverless miles between Dallas and Houston, showcasing its operational capabilities [2][3] Business Model - Aurora develops a self-driving platform applicable across various vehicle types and offers driverless trucking services [3]

Market Overview - The global robotaxi market is projected to reach $45.7 billion by 2030, with a CAGR of 91.8% from 2023 to 2030, indicating significant growth potential in this sector [1] Uber's Strategy - Uber is focusing on strategic partnerships to establish a strong presence in the robotaxi market, avoiding heavy R&D costs associated with developing autonomous driving systems independently [2][6] - In July, Uber partnered with Baidu to expand in the autonomous delivery and ride-hailing market, planning to deploy Baidu's driverless vehicles on its platform in Asia and the Middle East [3][4] - Uber also entered an agreement with Lucid Group and Nuro to add at least 20,000 self-driving Lucid vehicles equipped with Nuro's technology to its network over the next six years, with Uber investing $300 million into Lucid [5][6] WeRide's Expansion - WeRide is aggressively expanding internationally, with a notable investment from Grab to accelerate the rollout of Level 4 autonomous robotaxis and shuttles in Southeast Asia, expected to be completed by mid-2026 [7] - WeRide plans to introduce its GXR and Robobus autonomous vehicles in Singapore through a collaboration with Grab, marking the first autonomous shuttle deployment in a residential area [8] - WeRide is also expanding in the Middle East through a partnership with Uber, launching autonomous robotaxi services in Riyadh and operating in Abu Dhabi [9][11] Competitive Landscape - Uber's shares have gained over 59% this year, while WeRide's shares have declined in double digits, indicating a disparity in market performance [13] - WeRide appears to be pricier than Uber, with a Value Score of F compared to Uber's D, suggesting a less favorable valuation [16] - Uber's dominant market position and extensive user base provide it with a distinct advantage in scaling autonomous services once technology receives regulatory approval [20][22] Future Outlook - Uber's focus on scalable autonomous deployments in suburban and low-density areas signals strong long-term potential for growth in the transportation sector [21] - While WeRide is recognized as a strong innovator in autonomous technology, Uber's platform-driven strategy and larger scale position it favorably in the robotaxi race [22]

随着美国政府加大驱逐行动力度，公众对隐私和监控的担忧已成为抗议活动中的核心议题。与此同时，社会对科技公司 —— 尤其是涉及监控技术的企业 —— 普遍产生抵触情绪，导致多辆 Waymo 自动驾驶汽车遭到破坏甚至被纵火烧毁。 "显然，蓄意破坏属于犯罪行为，因此我们正全力与执法部门合作，确保对那些针对我们车队实施破坏的人追责，"马瓦卡纳表示，"无论这是谁的车队，这 种行为都是不可接受的。破坏他人财产？我们绝不容忍。" IT之家 10 月 28 日消息，目前，Waymo 是美国自动驾驶出租车（robotaxi）领域的领军企业，这一地位使其车辆在过去一年中多次成为蓄意破坏者的目标， 最近一次发生在上周末的洛杉矶。在 2025 年 TechCrunch Disrupt 大会的场边采访中，Waymo 联合首席执行官泰克德拉・马瓦卡纳（Tekedra Mawakana）表 示，针对公司自动驾驶出租车的破坏行为"完全不可接受"。 IT之家注意到，当被问及 Waymo 正在采取哪些措施来改变公众对其车辆的看法时，马瓦卡纳指出，公司正推动在部分车辆上采用本地艺术家设计的涂装， 作为"让车队更好地融入社区"的更广泛努力的一部分。 周 ...

Summary of Pony AI Inc. (PONY) Conference Call Company Overview - **Company**: Pony AI Inc. (PONY) - **Industry**: Autonomous Vehicle Technology Key Points Production and Fleet Expansion - Pony AI has produced 300 units of the BAIC Gen-7 Robotaxi (Arcfox Alpha T5) as of October 24, 2025, with mass production starting in June 2025 [1][2] - The company aims to expand its fleet to 1,000 Robotaxi vehicles by the end of 2025, collaborating with BAIC, GAC, and Toyota for production [1][2][10] Testing and Deployment - Testing and validation of the Gen-7 Robotaxi are being conducted in major cities including Beijing, Shenzhen, and Guangzhou to prepare for large-scale deployment [1][2] Unit Economics Improvement - The Gen-7 Robotaxi has achieved a 70% reduction in Bill-of-Materials (BOM) costs for the Autonomous Driving Kit (ADK), which includes System on Chip (SoC) and sensors [3] - With increasing revenues and lower Cost of Goods Sold (COGS) per vehicle, Pony AI expects to reach the break-even point in unit economics ahead of schedule, improving profitability per vehicle [3] Financial Projections - Revenue projections for Pony AI are as follows: - 2024: $75 million - 2025E: $81 million - 2026E: $101 million - 2027E: $159 million - 2028E: $393 million - 2029E: $1,088 million - 2030E: $2,875 million - 2031E: $3,517 million [11] - Gross profit is expected to increase significantly, with projections of $11 million in 2024 and $1,165 million by 2030 [11] Valuation and Price Target - The 12-month target price for Pony AI is set at $31.3, based on an EV/EBITDA multiple of 16.6x, reflecting the company's growth potential [14] - Current market price is $18.46, indicating an upside potential of 69.6% [16] Risks - Key risks identified include: - Regulatory challenges - Supply chain issues - Robotaxi market growth uncertainties - Personal information security - Infrastructure limitations - Pricing competition - Product liability concerns [15] Unit Economics in Tier-1 Cities - In Tier-1 cities, Pony AI's unit economics are projected to break even by 2026, with gross profit per vehicle expected to improve from -$5.9k in 2025 to $12.4k by 2035 [13] Additional Insights - The company is focusing on scaling its operations to enhance efficiency and reduce costs, which is critical for achieving profitability in the competitive autonomous vehicle market [1][3][2] - The collaboration with established automotive companies like BAIC, GAC, and Toyota is expected to bolster production capabilities and market reach [10][2] This summary encapsulates the essential information from the conference call regarding Pony AI's operations, financial outlook, and market positioning.

Core Insights - Nebius Group N.V. (NASDAQ:NBIS) has gained 247% year to date, attracting attention for its speculative nature and partnerships, particularly with Microsoft and Uber [2][3]. Company Overview - Nebius Group N.V. is noted for its strong contracts and relationships, particularly with Microsoft, although it continues to report losses [2]. - The company recently announced a partnership with Uber to invest $375 million in an autonomous delivery venture [2][3]. Market Events - A significant event for Nebius Group is the upcoming lockup expiration on October 26, which could impact stock performance as early investors may sell their shares [3]. - Jim Cramer likened Nebius to a smaller-scale version of Michael Dell, emphasizing the importance of the lockup expiration in the current market context [3]. Investment Considerations - While Nebius Group shows potential, there is a belief that other AI stocks may offer better returns with lower risk [3].

Company Overview - Pony AI is a leader in the Chinese autonomous ride-hailing services market, specifically in the robotaxi segment [1] - The company went public in November of the previous year, with an opening price approximately 15% above its offer price, valuing the company at $5.25 billion [1] - Pony AI raised $260 million from its initial public offering [1] Industry Insights - The autonomous vehicle sector is experiencing significant interest and investment, with experts like Michael E. McGrath contributing to the discourse through publications on opportunities and strategies in this field [1] - The market for autonomous vehicles is evolving, with companies like Pony AI at the forefront of technological advancements and service offerings [1]

Core Insights - Morgan Stanley is optimistic about Amazon's expansion of robotics, predicting annual savings of $2-$4 billion as the company plans to establish around 40 next-generation robotics warehouses by 2027 [1][2] Group 1: Robotics and AI Efficiencies - Amazon has deployed over 1 million robots in its operations and introduced DeepFleet, a generative AI model designed for logistics, which is expected to enhance robot collaboration and reduce transit times by 10% while lowering overall costs [2] - The company aims to automate 600,000 positions while targeting to double merchandise volume by 2033, indicating a significant reliance on robotic systems and AI tools for these transitions [3] Group 2: Zoox and Autonomous Vehicles - Zoox, Amazon's autonomous ride-share initiative, is pioneering a driverless operation with a unique design that lacks a steering wheel or pedals, featuring an interior where passengers face each other [4] - While Zoox may compete with major players like Waymo and Tesla in the ride-hailing market, Amazon is strategically positioned to utilize this technology for last-mile deliveries, enhancing its supply chain capabilities [5]

–The investment is part of a strategic partnership between both companies that brings May Mobility AVs to Southeast Asia– –Grab and May Mobility technical collaboration to accelerate deployment– ANN ARBOR, Mich., Oct. 23, 2025 /PRNewswire/ -- May Mobility, Inc., a leading autonomous vehicle (AV) technology company, and Grab Holdings Limited (NASDAQ: GRAB), Southeast Asia's leading superapp, today announced their multi-year partnership with plans to launch autonomous vehicle services in Southeast Asia. This ...