Pony.ai's robotaxi revenue will double by 2025, and the profit of Double City's single bicycles will turn positive. In 2026, the company will accelerate its expansion to over 20 cities both domestically and internationally.

On March 26, Beijing time, Pony.ai (NASDAQ: PONY) released its unaudited financial report for the fourth quarter and full year of 2025. The company's total revenue in 2025 reached 629 million yuan, a year-on-year increase of 20%, marking a continuous increase for the fourth consecutive year. The financial report predicts that by the end of 2026, the Robotaxi fleet size will reach over 3,000 vehicles, and Robotaxi will be deployed in more than 20 cities both domestically and internationally. The Robotaxi business has entered a period of explosive growth. The full-year revenue from the Robotaxi business in 2025 reached 116 million yuan, a year-on-year increase of 129%, with passenger fare revenue increasing by nearly 400% year-on-year. In the fourth quarter, the revenue from the Robotaxi business was 46.6 million yuan, accounting for about 40% of the annual revenue from the Robotaxi business, with passenger fare revenue increasing by over 500% year-on-year. This is mainly due to the rapid validation of the Robotaxi business model. The seventh generation of Robotaxi was put into commercial operation in November 2025, and Guangzhou achieved profitability in single-car operations that month. In the first quarter of 2026, the Robotaxi operations in Shenzhen also achieved record-high performance: the number of paid orders from January 1 to February 16 in 2026 had already exceeded the total number of paid orders in the entire year of 2025. Looking at the average level for the entire month of February, profitability in single-car operations had also been achieved. On March 22, the average net income per single car for the seventh-generation Robotaxi in the Shenzhen area reached a historical high of 394 yuan, with an average of 25 orders per car that day. As of now, Pony.ai has over a million users, nearly three times the number from the same period last year. Pony.ai founder and CEO Jun Peng stated in the financial report, "2025 was a crucial year for Pony.ai's development. The company achieved comprehensive expansion in revenue scale, Robotaxi fleet size, operational network coverage, and user base. Looking forward to 2026, we will accelerate revenue growth, expand the Robotaxi fleet size to over 3,000 vehicles, and deploy Robotaxi in over 20 cities worldwide." Currently, Pony.ai has initiated a dual-engine strategy to accelerate the landing of 20+ cities domestically and internationally by the end of 2026 to ensure the growth momentum of the Robotaxi business. Pony.ai has already validated the Robotaxi business model in the first-tier cities of Guangzhou and Shenzhen, possessing core advantages in mass-produced land vehicles, operating systems, and fully autonomous technologies. Based on these core capabilities, Pony.ai is rapidly advancing the deployment of Robotaxi in both the domestic and international markets, forming a pattern of "one core leadership, two engines driving development" to help more cities accelerate landing and achieve growth. Just in March 2026, Pony.ai has successively expanded to two new first-tier cities in China, Hangzhou and Changsha, as well as in Europe, Croatia. As per the plan, in the layout of over 20 cities by the end of 2026, almost half of the cities will be from overseas, and cities in the Greater Bay Area in China and other new first-tier cities are also included in Pony.ai's expansion plan. At the same time, Pony.ai is rapidly expanding the size of the Robotaxi fleet through a co-building fleet model to improve capital efficiency. In the co-building fleet model, Pony.ai provides autonomous driving technology while partners provide funding for vehicles, with both parties sharing operating profits, achieving a win-win situation. Pony.ai has reached cooperation in the co-building fleet model with companies such as Toyota, CHENQI TECH, and Verne. As of now, the Pony.ai Robotaxi fleet size has exceeded 1,400 vehicles, and the seventh-generation Toyota Botai 4X Robotaxi produced in collaboration with Toyota China and GAC Toyota officially went into mass production in February this year, with 1,000 of these vehicles set to join the fleet within the year. The company's confidence in the continuous growth of the Robotaxi business mainly stems from its unmanned driving technology capabilities and user riding experience. Pony.ai's self-developed world model and virtual driver provide users with a good riding experience, enabling Robotaxi to smoothly handle peak congestion, extreme weather conditions, and complex road conditions. "These technological advantages mean that autonomous vehicles can navigate more complex and narrow roads, plan the optimal route, and provide more convenient boarding and alighting points, increasing user willingness to pay," said Pony.ai founder and CTO Tiancheng Lou. This ensures that the company implements balanced pricing and is a key driver in achieving positive user experience. The Robotruck business maintains steady growth. The full-year revenue from the Robotruck business in 2025 was 284 million yuan, with the company continually expanding commercial applications for Robotruck. In 2025, Pony.ai deployed fully autonomous Robotruck at Jiangmen Port in Guangdong; 1+N unmanned driving convoy tests were successfully completed in various extreme weather conditions, validating the Robotruck's all-scenario and all-weather operational capabilities. In November 2025, Pony.ai announced the launch of the fourth-generation Robotruck, with a 70% reduction in the cost of autonomous driving kits, aiming to achieve mass deployment by the end of 2026. Benefiting from the increasing demand for automatic driving domain controllers, revenue from technology licensing and application services continues to grow. The full-year revenue from technology licensing and application services in 2025 was 229 million yuan, a year-on-year increase of 19.7%. Among them, the annual delivery volume of automatic driving domain controllers increased by more than five times compared to 2024, with customers mainly coming from industries such as Siasun Robot & Automation and unmanned driving low-speed delivery logistics. It is worth mentioning that thanks to the successful strategic investment, Pony.ai achieved a quarterly profit for the first time in the fourth quarter of 2025, with a net profit of 528 million yuan. Pony.ai co-founder and CFO Haojun Wang said, "Achieving a quarterly profit demonstrates the success of our strategic investments in the entire ecosystem. We are making preliminary investments to accelerate commercialization at a faster pace. With a strengthened balance sheet and sound investments, we are ready to embrace the next stage of rapid growth." As of December 31, 2025, Pony.ai held a total of 10.593 billion yuan in cash equivalents, short-term and long-term financial products, and investments, providing solid financial support for the continued expansion of the Robotaxi fleet size and global market expansion.