Details
🚖 Fleet Expansion Drives Growth: Pony.ai grew its Q2 revenue to USD 21.5 million (+76% y/y). Robotaxi revenue jumped 158% to USD 1.5 million, with paying passengers up over 300%. The fleet expanded to more than 500 vehicles and is expected to reach 1,000 by year-end.
📈 Licensing Business Explodes: Revenue from technology licensing and applications surged 902% to USD 10.4 million, making up nearly half of total revenue.
🌐 Global Expansion: Fully autonomous rides now operate in all four of China’s tier-1 cities, along with tests and partnerships in Luxembourg, South Korea, and Dubai (with Uber).
💰 Still in the Red: Operating loss widened to USD 61.3 million (vs. USD 37 million a year earlier), mainly due to heavy investment in manufacturing and R&D.
Why It Matters
- Scaling as a Market Test: Fully autonomous robotaxis in China are reaching commercially meaningful scale for the first time.
- New Revenue Streams: The licensing business is becoming a core pillar alongside ride-hailing income.
- Global Race: International expansion underscores China’s ambitions to lead the global robotaxi industry.
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