Pony.ai has unveiled its financial results for the fourth quarter and full year of 2024. According to the report, the company's total annual revenue reached RMB 548 million, marking a 4.3% increase year-on-year. Notably, revenues from autonomous driving mobility services surged significantly, totaling RMB 53.28 million, with passenger fares contributing significantly to this growth. In terms of research and development (R&D), adjusted expenses increased by 14% year-on-year to RMB 1.006 billion, primarily focused on the development of the seventh-generation Robotaxi. As of the end of 2024, Pony.ai's total cash and cash equivalents, along with long- and short-term financial investments, amounted to RMB 6.023 billion.
Pony.ai continues to adhere to its strategic focus on "prioritizing the Robotaxi business, the Chinese market, and first-tier cities." During the fourth quarter, the company secured mass production cooperation agreements for Robotaxi with GAC AION and BAIC BJEV, contributing to a quarterly revenue of RMB 259 million.
