Autonomous-driving agency Pony.ai has handed the Hong Kong Stock Change (HKEX) itemizing listening to, shifting a step nearer to a secondary itemizing throughout the metropolis. The company obtained approval from China’s securities regulator on Oct. 14 to topic as a lot as 102 million weird shares for the Hong Kong offering. Pony.ai listed on Nasdaq in November 2024 beneath the ticker PONY; on Oct. 16, the stock closed at $20.415, up larger than 57% from its $13.00 U.S. IPO worth.
Primarily based in 2016, Pony.ai develops autonomous-driving utilized sciences and choices for robotaxi firms, robotruck logistics, and know-how licensing & functions. The company says its cumulative autonomous road-testing mileage has surpassed 55 million kilometers.
Throughout the first half of 2025, the company recorded earnings of $35.43 million, up 43.3% year-on-year, and a web lack of $90.64 million, in distinction with a web lack of $51.76 million a 12 months earlier. Throughout the second quarter of 2025, earnings rose extra to $21.45 million, marking 75.9% year-on-year and 53.5% quarter-on-quarter progress. For its intently watched Robotaxi enterprise, earnings reached $3.26 million throughout the first half of 2025, up 178.8% year-on-year.
Pony.ai launched China’s first enterprise robotaxi service in 2018 and is now the one operator offering completely driverless, paid robotaxi service all through Beijing, Shanghai, Guangzhou and Shenzhen, with a service house over 2,000 km². The PonyPilot app has 500,000+ registered prospects. Passenger fare earnings grew about 800% in Q1 2025 and 300%+ in Q2 2025 versus prior intervals, primarily based on the company.
In April 2025, Pony.ai unveiled three robotaxi fashions co-developed with Toyota, BAIC and GAC, each outfitted with the company’s seventh-generation autonomous-driving system. Various seventh-gen fashions have obtained L4 testing permits in Beijing, Shanghai, Guangzhou and Shenzhen, and have collected 3.5 million+ km of public-road testing. The robotaxi fleet has exceeded 680 cars and is anticipated to surpass 1,000 by year-end.
Pony.ai’s worldwide footprint now spans eight nations all through Asia, Europe, the Americas and the Heart East; the company has obtained robotaxi testing permissions in six of those markets.
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