Research analysts who have asked questions during Pony AI earnings calls.
MH
Ming Hsun Lee
Bank of America
4 questions for PONY
Also covers: LI, NIO, WRD +2 more
XF
Xinyu Fang
UBS
4 questions for PONY
BW
Bin Wang
Deutsche Bank
3 questions for PONY
Also covers: ECX, LI, NIO +2 more
EZ
Evelyn Zhang
Daiwa Capital Markets
3 questions for PONY
KW
Kyle Wu
City Research
2 questions for PONY
PH
Purdy Ho
Huatai Securities
2 questions for PONY
SL
Serena Li
China Securities
2 questions for PONY
TZ
Tang Zhu Jia
Guoshen
2 questions for PONY
TS
Ting Song
Goldman Sachs
2 questions for PONY
Also covers: EH, NAAS
YC
Yi Chuyang
Huatai Securities
2 questions for PONY
ZY
Zhao Yili
Jefferies
2 questions for PONY
BW
Ben Wang
Deutsche Bank
1 question for PONY
Also covers: NIO
CY
Chuyang Yi
Huatai Securities
1 question for PONY
Recent press releases and 8-K filings for PONY.
Pony AI Reports Q3 2025 Results, Completes Hong Kong Listing, and Updates Fleet Guidance
PONY
Earnings
Guidance Update
New Projects/Investments
- Pony AI completed a dual primary listing on the Hong Kong Stock Exchange on November 6, raising over $800 million US dollars to strengthen its balance sheet and accelerate commercialization.
- The company reported Q3 2025 revenue of $25.4 million, a 72% year-over-year increase, with robotaxi services revenue growing 89.5% year-over-year to $6.7 million and licensing and application revenues surging 354.6% year-over-year to $8.6 million.
- Gross margin improved significantly from 9.2% in Q3 2024 to 18.4% in Q3 2025, resulting in a gross profit of $4.7 million. The net loss for Q3 2025 was $61.6 million.
- Pony AI expects to exceed its year-end target of 1,000 robotaxi vehicles and projects expanding its fleet to over 3,000 vehicles by 2026. The Gen7 Robotaxi has achieved city-level unit economics break-even in Guangzhou.
- The company expanded its global footprint, now operating robotaxis in eight countries, and launched fully driverless commercial services for Gen7 Robotaxis across Guangzhou, Shenzhen, and Beijing.
Nov 25, 2025, 12:00 PM
Pony AI Announces Q3 2025 Financial and Operational Highlights
PONY
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Pony AI reported total revenues of US$25.4 million in Q3 2025, a significant increase from US$14.8 million in Q3 2024, driven by over 200% year-over-year growth in fare-charging revenues.
- The company achieved a gross profit of US$4.7 million and a gross margin of 18.4% in Q3 2025, up from US$1.4 million and 9.2% respectively in Q3 2024.
- Pony AI completed a dual primary listing on NASDAQ and HKEX, raising over US$800 million , which, combined with its existing cash reserve, provides US$587.7 million plus net proceeds from the HK IPO.
- Operational highlights include achieving city-wide unit economics breakeven in Guangzhou as of November 23, 2025 , expanding its Robotaxi fleet to over 900 vehicles with a target of 3,000+ by 2026 , and producing over 600 Gen-7 vehicles.
- The company also reported a 70% BOM cost reduction for Gen-7 compared to Gen-6, with an additional 20% reduction planned for 2026 production.
Nov 25, 2025, 12:00 PM
Pony AI Announces Q3 2025 Results and Hong Kong IPO Completion
PONY
Earnings
Guidance Update
Delisting/Listing Issues
- Pony AI successfully completed a dual primary listing on the Hong Kong Stock Exchange on November 6, 2025, raising over $800 million U.S. dollars, which significantly strengthens its balance sheet for accelerated mass production and commercialization.
- For Q3 2025, total revenue reached $25.4 million, a 72% year-over-year increase, driven by 89.5% year-over-year growth in robotaxi services revenue to $6.7 million and a 354.6% increase in licensing and application revenues to $8.6 million.
- The company achieved city-wide unit economics break-even for its Gen-7 Robotaxis in Guangzhou shortly after their commercial launch, reporting a daily net revenue of CNY 299 and 23 daily average orders per vehicle.
- Pony AI expects to outperform its full-year target of 1,000 robotaxi vehicles for 2025, with over 900 Gen-7 Robotaxis produced by November, and projects expanding its fleet to more than 3,000 vehicles by 2026.
- Gross margin improved from 9.2% in Q3 2024 to 18.4% in Q3 2025, resulting in a gross profit of $4.7 million, while the net loss for Q3 2025 was $61.6 million.
Nov 25, 2025, 12:00 PM
Pony AI Announces Q3 2025 Results, Hong Kong IPO, and Fleet Expansion
PONY
Earnings
Revenue Acceleration/Inflection
Delisting/Listing Issues
- Pony AI successfully completed a dual primary listing on the Hong Kong Stock Exchange on November 6, 2025, raising over $800 million US dollars, which significantly strengthens its balance sheet for future growth.
- For Q3 2025, the company reported total revenue of $25.4 million, marking a 72% year-over-year increase, primarily fueled by 89.5% year-over-year growth in robotaxi services revenue, which reached $6.7 million.
- The Gen7 Robotaxis achieved city-level unit economic break-even in Guangzhou, with daily net revenue per vehicle reaching CNY 299 as of November 23, 2025, and the company's gross margin improved from 9.2% in Q3 2024 to 18.4% in Q3 2025.
- Pony AI is ahead of schedule to exceed its full-year 2025 fleet target of 1,000 vehicles, having over 900 vehicles by November 2025, and projects expanding its fleet to more than 3,000 vehicles by 2026.
Nov 25, 2025, 12:00 PM
Pony AI Inc. Reports Strong Q3 2025 Revenue Growth, Achieves Robotaxi Breakeven, and Completes Hong Kong Listing
PONY
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Pony AI Inc. reported total revenues of US$25.4 million for Q3 2025, marking a 72.0% year-over-year increase, primarily driven by 89.5% growth in Robotaxi services revenues and 354.6% growth in Licensing and Applications revenues.
- The company successfully completed a dual primary listing in Hong Kong, raising over US$800 million to accelerate mass production, commercialization, R&D, and market expansion.
- Pony.ai's Gen-7 Robotaxis launched fully driverless commercial operations in major Chinese cities and achieved city-wide unit economics (UE) breakeven in Guangzhou.
- As of November 23, 2025, the Robotaxi fleet comprised 961 vehicles, including 667 Gen-7 units, with a target to exceed 1,000 vehicles by year-end 2025 and surpass 3,000 vehicles by the end of 2026.
- For Q3 2025, the company reported a net loss of US$61.6 million and a basic and diluted net loss per ordinary share of US$0.16. Cash and cash equivalents, short-term investments, restricted cash, and long-term debt instruments totaled US$587.7 million as of September 30, 2025.
Nov 25, 2025, 11:03 AM
Pony AI Inc. Announces Gen-4 Autonomous Trucks for Mass Production
PONY
Product Launch
New Projects/Investments
- Pony AI Inc. announced the development of its Gen-4 Autonomous Trucks in collaboration with SANY Truck and Dongfeng Liuzhou Motor, with mass production and deployment expected in 2026 at a thousand-unit scale.
- The Gen-4 Autonomous Trucks are designed to reduce the bill-of-materials cost per vehicle by approximately 70% compared to the previous generation.
- The "1+4" platooning solution, utilizing these trucks, is projected to reduce freight cost per kilometer by 29% and increase profit margin by 195%.
- The system is designed for a service life of 20,000 hours, supporting up to 1 million kilometers of freight operation, and features a fully redundant design for enhanced safety and reliability.
Nov 19, 2025, 11:03 AM
Pony.ai Receives Shenzhen's First Citywide Permit for Fully Driverless Commercial Robotaxi Operations
PONY
New Projects/Investments
Product Launch
- Pony.ai has been granted Shenzhen's first citywide permit for fully driverless commercial robotaxi operations, a joint authorization with Shenzhen Xihu Corporation Limited ("Xihu Group").
- This permit allows the companies to operate fully driverless robotaxis throughout Shenzhen, with plans to deploy over 1,000 units of Pony.ai's seventh-generation ("Gen-7") robotaxis in the city over the next few years.
- Pony.ai is now the only company authorized to operate fully driverless commercial robotaxi services across all four of China's Tier-1 cities (Beijing, Shanghai, Guangzhou, and Shenzhen).
Oct 31, 2025, 9:00 AM
Pony AI Reaches 300th BAIC Robotaxi Milestone
PONY
Product Launch
New Projects/Investments
Guidance Update
- Pony AI Inc. announced it has reached the 300th Gen-7 BAIC Robotaxi milestone.
- This achievement is a significant step towards the company's year-end target of a 1,000-vehicle combined fleet.
- The ARCFOX Alpha T5 Robotaxi, developed in partnership with BAIC, is currently undergoing testing for broader commercial deployment in Beijing and Shenzhen later this year.
- The 1,000-vehicle fleet target also includes the ongoing ramp-up of seventh-generation Guangzhou Automobile Group (GAC) Robotaxi vehicles.
Oct 24, 2025, 10:07 AM
Pony.ai Rolls Out 300th Robotaxi, Targets 1,000-Vehicle Fleet by Year-End
PONY
Product Launch
New Projects/Investments
Guidance Update
- Pony.ai announced the rollout of its 300th jointly manufactured ARCFOX Alpha T5 Robotaxi, a significant production milestone accelerating its trajectory toward large-scale deployment and commercialization.
- Mass production of the ARCFOX Alpha T5 Robotaxi, equipped with Pony.ai's Gen-7 autonomous driving system, began in July 2025. The Gen-7 technology has reduced the bill of materials (BOM) cost of the autonomous driving system by 70%, addressing a major cost barrier for L4 vehicle mass production.
- The company plans to deploy the Alpha T5 Robotaxi for commercial ride-hailing services across China's Tier-1 cities and aims to expand its combined fleet to 1,000 vehicles and achieve unit economic break-even by year-end.
Oct 24, 2025, 8:00 AM
Pony.ai and Stellantis Partner for European Robotaxi Development
PONY
New Projects/Investments
Product Launch
- Pony.ai and Stellantis have signed a non-binding Memorandum of Understanding (MoU) to accelerate the development and deployment of robotaxi solutions in Europe.
- The collaboration will integrate Pony.ai's advanced autonomous driving software with Stellantis' medium-size van (K0) AV-Ready Platform - BEV version, with an initial focus on battery-electric medium-size vans.
- Test vehicle deployment is expected to begin in Luxembourg in the coming months, followed by a gradual rollout across European cities starting in 2026.
- As of August 2025, Pony.ai operates a fleet of over 500 Robotaxis and 170 Robotrucks, having driven more than 55 million autonomous testing and operation kilometers worldwide.
Oct 17, 2025, 8:00 AM
Quarterly earnings call transcripts for Pony AI.
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