Pony.ai (PONY) reported a sharp acceleration in production and deployment of its Gen-7 Robotaxi vehicles alongside robust financial growth in its second quarter results. Despite the positive results, shares are trading down 3.49%.
The company has produced 213 Gen-7 Robotaxis since mass production began in June, putting it on track to meet its year-end goal of a 1,000-vehicle fleet. Operations now span all four tier-one cities in China, where Pony.ai remains the only operator running fully driverless commercial services, as well as international markets including Dubai, South Korea, and Luxembourg.
For Q2 2025, total revenue reached $21.5 million, up 75.9% year-over-year, driven by a 157.8% jump in Robotaxi service revenue to $1.5 million and a 901.8% surge in licensing and applications revenue to $10.4 million. Gross margin improved to 16.1%, reversing a small loss in the prior-year quarter.
While revenue momentum was strong, operating expenses climbed 75.1% to $64.7 million, reflecting investments in mass production and R&D for the Gen-7 platform. The company posted a net loss of $53.3 million compared to a $30.9 million loss in Q2 2024.
Pony.ai continues to target cost efficiency improvements, including reaching a 1:30 remote assistant-to-vehicle ratio by year-end, and expanding 24/7 service in certain cities to meet rising demand. Strategic agreements, such as a planned 1,000-vehicle deployment in Shenzhen with the city’s largest taxi operator, further reinforce its scaling ambitions.
The post Pony.ai Pushes Toward 1,000-Vehicle Robotaxi Fleet as Q2 Revenue Surges 76% appeared first on PRISM MarketView.
