Pony.ai reported accelerating growth in its robotaxi operations and outlined plans to expand its global fleet to more than 3,000 vehicles across over 20 cities by 2026, with nearly half of those deployments expected in international markets.
The company’s financial results indicate increased activity in its robotaxi segment, with fourth-quarter 2025 revenue from the service rising 160% year over year. Fare-charging revenue increased by more than 500%, reflecting fleet expansion and higher user adoption. Total fleet size reached 1,446 vehicles as of late March, up from fewer than 300 units a year earlier.
Pony.ai attributed its growth to a strategy focused on parallel expansion in China and overseas markets. In China, the company reported that its user base approached one million, nearly tripling from the previous year. In Shenzhen, paid robotaxi orders early in the year exceeded the city’s total for all of 2025, while daily revenue per vehicle reached RMB 394 with an average of 25 orders per vehicle. The company also reported achieving unit economics breakeven in Shenzhen, following a similar milestone in Guangzhou.
The company has expanded its domestic footprint to additional cities, including Changsha and Hangzhou. Internationally, it has begun deployments in Zagreb and launched fare-charging robotaxi services in Doha through a partnership with Mowasalat Karwa. It is also progressing toward regulatory approval for fully driverless operations in Dubai.
Pony.ai said its expansion is supported by a joint deployment model in which partners provide vehicle funding while the company supplies autonomous driving technology, with revenues shared between both parties. The model has been implemented in collaborations with Toyota, Chenqi Mobility in Guangzhou and ATBB in Beijing. The partnership with Toyota has also enabled the start of mass production for a seventh-generation robotaxi model, with 1,000 bZ4X-based vehicles expected to be produced in 2026.
The company reported net income of $75.5 million for the fourth quarter, compared with a net loss of $181.1 million in the same period a year earlier. It attributed the improvement primarily to gains in the fair value of trading securities. For the full year, total revenue increased 20% to $90.0 million, while net loss narrowed 72% to $76.8 million.
In addition to robotaxis, Pony.ai reported revenue growth in other business lines. Robotruck services generated $40.6 million in 2025, supported by expanded cooperation with Sinotrans. Licensing and applications revenue increased 19.7%, driven by demand for autonomous driving components used in delivery, logistics and robotics applications.
