Xinyu Fang

Xinyu Fang asked if Pony AI sees potential for improving operating leverage by working with only one OEM for robotaxi manufacturing, given its current cooperation with multiple OEMs.

Answer

James Peng, Chairman and CEO, explained that local governments and residents often prefer local branded taxi vehicles, making it necessary to cooperate with multiple local OEMs to expand quickly into different regions. He noted that while fitting Pony AI's autonomous driving kit into various vehicles poses a technical challenge, it demonstrates the company's technical generalization, which creates a significant competitive edge. This capability allows Pony AI to add new models faster and accelerate expansion into new regions, citing the partnership with Stellantis in Europe as an example.

Xinyu Fang asked if Pony AI sees potential for improving operating leverage by working with only one OEM for robotaxi manufacturing, given its current cooperation with multiple OEMs like BAIC, GAC, and Toyota.

Answer

Chairman and CEO James Peng explained that local governments and residents often prefer local branded taxi vehicles, making it necessary to cooperate with multiple local OEMs in different regions for significant fleet deployment. While integrating their autonomous driving kit (ADK) into different vehicles poses a technical challenge, it demonstrates Pony AI's technical generalization and creates a competitive edge, allowing for faster addition of new models and expansion into new regions, citing the Stellantis partnership in Europe as an example.

Xinyu Fang of UBS asked about reports of a potential Hong Kong IPO and whether the company could share a timetable.

Answer

CFO Haojun Wang stated that PonyAI does not comment on market speculation. He affirmed that the company is closely monitoring market conditions and will actively explore capital market opportunities to maximize shareholder value, while remaining focused on its primary strategic goal of scaling up its operations.

Xinyu Fang of UBS inquired about reports of a potential Hong Kong IPO and whether the company could share a timetable.

Answer

CFO Haojun Wang stated that the company does not comment on market speculation. He affirmed that while PonyAI remains focused on executing its go-to-market strategy and scaling up operations, it will continue to monitor market conditions and actively explore capital market opportunities to maximize shareholder value.