Pony AI Q1 Loss Widens Amid Robotaxi Revenue Surge

Pony AI, now listed on Nasdaq, reported strong first-quarter revenue growth, with fare-charging robotaxi revenue surging up to 800% year-over-year and nearly tripling due to high demand for higher-fare rides in major Chinese cities. Despite this, the company posted a wider net loss of $37.4 million to $43 million, driven by significant investments in research and development for mass production and expansion. Pony AI plans to expand its robotaxi fleet from 300 to over 1,000 vehicles by the end of the year and has cut production costs for its autonomous driving systems by 70%. The company targets large-scale commercialization by 2025 and aims for single-unit breakeven on robotaxis by 2026. Pony AI continues to pursue international expansion but faces challenges including negative gross margin trends and scrutiny after a recent car fire incident. Strategic partnerships with major industry players support its technological advancement and market position.