Pony AI Plans to Triple Robotaxi Fleet to 3,000 by 2026 as Revenue Jumps
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Pony AI Inc. plans to expand its robotaxi fleet to 3,000 vehicles by 2026, after reporting strong revenue growth in autonomous passenger services in its first earnings release since completing a dual listing in Hong Kong.
The bold expansion underlines the Chinese autonomous driving startup’s effort to scale operations and improve unit economics, even as it battles deepening losses and a sliding share price after its Hong Kong market debut.
Listed on both the Nasdaq and the Hong Kong Stock Exchange, Pony AI reported third-quarter revenue from its robotaxi segment surged 89.5% year-on-year to 47.7 million yuan ($6.7 million). As of Nov. 23, the company had 961 robotaxis in operation, up from 270 at the end of 2024 and 726 in late October. The rapid fleet expansion is largely driven by the mass production of its seventh-generation vehicles, manufactured in partnership with BAIC Group's electric car unit Arcfox and GAC Aion. Some 667 units have already rolled off the production line.
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- Pony AI plans to expand its robotaxi fleet to 3,000 vehicles by 2026, reporting 89.5% YoY Q3 robotaxi revenue growth to 47.7 million yuan.
- Third-quarter total revenue rose 72% to 181 million yuan, but non-GAAP net loss widened to $55 million; gross margin improved to 18.4%.
- The company raised HK$6.45 billion in its Hong Kong dual listing, with shares nearly 30% below IPO price as of latest close.
- Pony AI Inc.
- Pony AI Inc. is a Chinese autonomous driving startup. It plans to expand its robotaxi fleet to 3,000 vehicles by 2026. The company recently completed a dual listing in Hong Kong and reported strong Q3 revenue growth of 89.5% year-on-year for its robotaxi segment. They are shifting towards an asset-light strategy, partnering with third-party platforms. Their non-GAAP net loss widened to $55 million.
- BAIC Group
- BAIC Group's electric car unit Arcfox, in partnership with GAC Aion, manufactures Pony AI's seventh-generation robotaxis. These vehicles are mass-produced and contribute to Pony AI's rapid fleet expansion, with 667 units already produced.
- Arcfox
- Arcfox (极狐) is the electric car unit of BAIC Group. It has partnered with Pony AI to manufacture its seventh-generation robotaxis. This partnership has facilitated the mass production of these vehicles, with 667 units already produced.
- GAC Aion
- GAC Aion is a partner in the mass production of Pony AI's seventh-generation robotaxis. Some 667 units of these vehicles, which have seen a 70% cost reduction in their autonomous driving system compared to the prior generation, have already been produced.
- Baidu Inc.
- Baidu Inc. is mentioned as a competitor to Pony.ai in the robotaxi sector. Baidu has made similar claims about achieving break-even unit economics for its robotaxi operations in Wuhan, paralleling Pony.ai's assertions for its seventh-generation models.
- Shenzhen Xihu Co. Ltd.
- Shenzhen Xihu Co. Ltd. partnered with Pony AI in June to deploy over 1,000 robotaxis in Shenzhen. This collaboration signifies Pony AI's shift towards an asset-light strategy, moving away from owning all its vehicles to involve third-party platforms.
- Yangguang Chuxing
- Yangguang Chuxing is a ride-hailing platform that partnered with Pony AI on November 24th. This collaboration is part of Pony AI's shift towards an asset-light strategy, where they sell their robotaxis to third-party platforms for deployment.
- Toyota Motor Corp.
- Pony AI Inc. invested capital into its joint venture with Toyota Motor Corp. This contributed to a decrease in Pony AI's cash and equivalents, which stood at $588 million as of September 30, down from $748 million at the end of June.
- End of 2024：
- Pony AI had 270 robotaxis in operation.
- June 2025：
- Pony AI partnered with Shenzhen Xihu Co. Ltd. to deploy over 1,000 robotaxis in Shenzhen.
- End of June 2025：
- Pony AI held $748 million in cash and equivalents.
- As of Sept. 30, 2025：
- Pony AI held $588 million in cash and equivalents.
- Late October 2025：
- Pony AI had 726 robotaxis in operation.
- Nov. 6, 2025：
- Pony AI completed Hong Kong dual primary listing, raising net proceeds of HK$6.45 billion.
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