In the 2024 results presented by Pony.ai, the company achieved sales of $75m, up 4.3% on the previous year. This increase was largely driven by the company’s Robotruck services. In this segment, sales rose by 61.3% to $40.4m.
“The increase is mainly due to the expansion of Robotruck fleet operations into new regions,” the company explains. In particular, they have been deployed in China, where Pony.AI was the first company to receive authorisation to carry out trials with robotic trucks. By December 2024, Pony.AI’s robot trucks had covered more than five million kilometres, demonstrating their operational capabilities.
“2024 was a pivotal year in which we further consolidated our leading position in the race to commercialise autonomous mobility on a large scale and became a listed company. Our strategic approach based on China and robotaxis prioritises the massive rollout of our robotaxi services in China’s leading cities: Beijing, Shanghai, Guangzhou and Shenzhen,” said co-founder and CEO James Peng.
Robotaxi services, meanwhile, reached $7.3m, registering a 5.3% drop compared to 2023. “This decrease is mainly due to lower service fees related to the provision of engineering solutions for autonomous vehicles, in line with the progress schedule of our collaborative projects,” the company explains.
The company’s gross profit was $11.4m (-32.5%) and gross margin was 15.2%, compared with 23.5% last year.
New vehicles expected in 2025
On the expenditure side, Pony.AI is still banking on a solid research and development policy. It spent $240.2m on research and development, an increase of 95.7%. It stepped up its investment, particularly in the fourth quarter, to support the development of seventh-generation vehicles. Operating expenses totalled $296.9m, up 85.4%. The operating loss was $285.5m, double that of the previous year.
For 2025, Pony.AI aims to launch three Gen-7 robotaxi models in cooperation with Toyota, GAC and BAIC in 2025. “We look forward to executing our mass production roadmap, accelerating beyond the inflection point of large-scale commercialisation and building a world where autonomous mobility is safer, more efficient and more accessible than ever before,” said Peng.
Europe also remains at the centre of its attention, particularly with its Luxembourg-based hub set to play a key role in promoting technological advances and adapting solutions for the European market. The company is also in Luxembourg.
This article was originally published in .