{"id":20595,"date":"2025-03-25T20:27:29","date_gmt":"2025-03-25T13:27:29","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=20595"},"modified":"2025-03-25T20:27:29","modified_gmt":"2025-03-25T13:27:29","slug":"pony-ai-fy2024-revenue-hits-record-high-after-3-yrs-growth","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=20595","title":{"rendered":"Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">GUANGZHOU, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 25, 2025<\/span><\/span> \/PRNewswire\/ &#8212; On March 25th,\u00a0Pony.ai (Nasdaq: PONY) announces unaudited Q4 and FY2024 financial results.<\/p>\n<ul type=\"disc\">\n<li>FY total revenue rose to <span class=\"xn-money\">US$75.0 million<\/span>, up 4.3% from FY2023, largest L4 autonomous mobility company in <span class=\"xn-location\">China<\/span> by revenue.<\/li>\n<li>FY robotaxi service revenue was <span class=\"xn-money\">US$7.3 million<\/span>, driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment.<\/li>\n<li>Non-GAAP R&amp;D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&amp;D.<\/li>\n<li>Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were <span class=\"xn-money\">US$825.1 million<\/span> as of end-2024. Ample funding to facilitate robotaxi scaling.<\/li>\n<li>Firmly promotes &#8220;robotaxi first, <span class=\"xn-location\">China<\/span> first, tier-1 cities first&#8221; strategy. Join hands with GAC Aion\/BAIC BJEV in Q4 for robotaxi R&amp;D, mass production.<\/li>\n<li>To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025.<\/li>\n<li>PonyWorld, the key tech behind co.&#8217;s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to &lt;50% of traditional taxis.<\/li>\n<li>CEO <span class=\"xn-person\">James Peng<\/span>: 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.<\/li>\n<\/ul>\n<p>Learn more: <a href=\"https:\/\/ir.pony.ai\/news-releases\/news-release-details\/pony-ai-inc-announces-unaudited-fourth-quarter-and-full-year\" target=\"_blank\" rel=\"nofollow\">Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results<\/a><\/p>\n<p>Media Contact: <a href=\"mailto:media@pony.ai\" target=\"_blank\" rel=\"nofollow\">media@pony.ai<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">GUANGZHOU, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 25, 2025<\/span><\/span> \/PRNewswire\/ &#8212; On March 25th,\u00a0Pony.ai (Nasdaq: PONY) announces unaudited Q4 and FY2024 financial results.<\/p>\n<ul type=\"disc\">\n<li>FY total revenue rose to <span class=\"xn-money\">US$75.0 million<\/span>, up 4.3% from FY2023, largest L4 autonomous mobility company in <span class=\"xn-location\">China<\/span> by revenue.<\/li>\n<li>FY robotaxi service revenue was <span class=\"xn-money\">US$7.3 million<\/span>, driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment.<\/li>\n<li>Non-GAAP R&amp;D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&amp;D.<\/li>\n<li>Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were <span class=\"xn-money\">US$825.1 million<\/span> as of end-2024. Ample funding to facilitate robotaxi scaling.<\/li>\n<li>Firmly promotes &#8220;robotaxi first, <span class=\"xn-location\">China<\/span> first, tier-1 cities first&#8221; strategy. Join hands with GAC Aion\/BAIC BJEV in Q4 for robotaxi R&amp;D, mass production.<\/li>\n<li>To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025.<\/li>\n<li>PonyWorld, the key tech behind co.&#8217;s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to &lt;50% of traditional taxis.<\/li>\n<li>CEO <span class=\"xn-person\">James Peng<\/span>: 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.<\/li>\n<\/ul>\n<p>Learn more: <a href=\"https:\/\/ir.pony.ai\/news-releases\/news-release-details\/pony-ai-inc-announces-unaudited-fourth-quarter-and-full-year\" target=\"_blank\" rel=\"nofollow\">Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results<\/a><\/p>\n<p>Media Contact: <a href=\"mailto:media@pony.ai\" target=\"_blank\" rel=\"nofollow\">media@pony.ai<\/a><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-20595","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/20595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20595"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/20595\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}