Chinese autonomous vehicle company Pony.ai said Tuesday it intends to more than triple the size of its robotaxi fleet globally by the end of 2026, as it pushes forward with both its domestic and international expansion plans.
The company currently operates approximately 961 robotaxis and aims to reach 1,000 vehicles by the end of 2025. By the end of 2026, it plans to “surpass” a fleet of 3,000 vehicles, according to its third-quarter earnings report, which it filed on November 25. The update signals an ambitious increase in operations amid growing investment in autonomous transportation technology.
Pony.ai, which is listed on both the Nasdaq Exchange and the Stock Exchange of Hong Kong, offers commercial robotaxi services in four major Chinese cities: Beijing, Shanghai, Guangzhou, and Shenzhen. These services are part of its broader business, which includes self-driving trucks and licensing of its autonomous driving technology.
The company is also accelerating its efforts to expand outside of China. It is working with ride-hailing platforms such as Bolt and Uber and launching operations in eight countries, including Qatar and Singapore, through partnerships with local firms.
In the third quarter of 2025, Pony.ai reported revenue of $25.4 million, marking a 72% year-over-year increase. Of that, $6.7 million came from robotaxi services, $10.2 million from its robotruck business, and $8.6 million from licensing and application fees.
Despite its rising revenue, the company continues to operate at a loss. Pony.ai reported a net loss of $61.6 million in the third quarter, a 46% increase compared to the same period in 2024. Its cash and short-term investments totaled $587.7 million as of September 30, down from $747.7 million in the previous quarter. The company attributed half of that decline to a one-time cash outflow, primarily an investment into a joint venture with Toyota to produce and deploy its Gen-7 autonomous vehicle.
Shares of Pony.ai rose more than 6% on the Nasdaq following the company’s earnings announcement.
Source: TechCrunch, https://techcrunch.com/2025/11/25/chinas-pony-ai-plans-to-triple-global-robotaxi-fleet-by-the-end-of-2026/