GUANGZHOU, China, March 25, 2025 /PRNewswire/ -- On March 25th, Pony.ai (NASDAQ:PONY) announces unaudited Q4 and FY2024 financial results.
- FY total revenue rose to US$75.0 million, up 4.3% from FY2023, largest L4 autonomous mobility company in China by revenue.
- FY robotaxi service revenue was US$7.3 million, driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment.
- Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D.
- Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were US$825.1 million as of end-2024. Ample funding to facilitate robotaxi scaling.
- Firmly promotes "robotaxi first, China first, tier-1 cities first" strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass production.
- To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025.
- PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to <50% of traditional taxis.
- CEO James Peng: Eager to execute our mass production roadmap, accelerate beyond the inflection point of scaled commercialization, and build a world where autonomous mobility is safer, more efficient, and accessible than ever before.
Learn more: Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results
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SOURCE Pony.ai