Pony.ai's revenue in 2024 is expected to reach 548 million yuan, with steady growth for three consecutive years
On March 25, Pony.ai released its fourth quarter and full-year financial report for 2024. In 2024, the company's total revenue reached 548 million yuan, a year-on-year increase of 4.3%; the revenue from autonomous driving travel services was 53.28 million yuan, and passenger fare revenue increased significantly; adjusted R&D expenses increased by 14% year-on-year to 1.006 billion yuan, mainly used for the development of the seventh-generation Robotaxi. As of December 31, 2024, the total amount of cash equivalents and long-term and short-term financial investments reached 6.023 billion yuan. Pony.ai emphasizes the business strategy of "Robotaxi business first, Chinese market first, and first-tier cities first". In the fourth quarter, the company reached Robotaxi mass production cooperation with GAC Aion and BAIC New Energy respectively, with a single-quarter revenue of 259 million yuan.