Pony AI Inc. (NASDAQ:PONY) stock rose Wednesday after the company disclosed a strategic partnership with a Chinese mobility company, Beijing ATBB Travel & Express Service Co., Ltd.
The move is expected to expand Pony AI’s Robotaxi operations via an asset-light, partnership-driven approach.
Targets Robotaxi Growth
As per the deal, Pony AI and ATBB will jointly operate Robotaxi services in China’s tier-1 cities and extend autonomous driving to airport and business travel.
The new fleet will expand Pony AI’s existing network, supporting urban trips, airport transfers, and business travel.
The Robotaxis will integrate with Pony AI’s proprietary ride-hailing platform and ATBB’s Xinghui Mobility ecosystem, enabling shared access to demand and fleet resources for scalable, flexible operations.
The fully driverless service offers on-time performance, enhanced privacy, and customizable in-vehicle experiences, catering to premium and business-class travelers seeking a differentiated mobility option.
The collaboration aligns with Pony AI’s asset-light strategy, leveraging ATBB’s fleet, expertise, and platform to accelerate Robotaxi deployment while boosting capital efficiency, asset utilization, and unit economics.
Management Commentary
Dr. James Peng, Founder and CEO of Pony AI, added, “As autonomous driving technology matures, the challenge is no longer proving that it works, but deploying it efficiently and sustainably. By working with partners that bring deep mobility expertise and strong service capabilities, we can accelerate adoption, strengthen the economics of Robotaxi operations, and make fully driverless services a practical part of people’s daily journeys.”
Pony AI’s total Robotaxi fleet has surpassed 1,159 vehicles, exceeding its fleet targets for 2025, and Pony.ai has announced plans to expand to more than 3,000 Robotaxis by the end of 2026.
BAIC Alliance
Pony AI has been boosting its Robotaxi reach and recently expanded its strategic alliance with BAIC BJEV to scale autonomous driving technology.
Pony AI brings experience in eight countries, including Qatar, Singapore, and the UAE, and plans joint rollouts in Europe and the Middle East.
PONY Price Action: Pony AI shares were up 1.72% at $15.96 during premarket trading on Wednesday, according to Benzinga Pro data.
Photo by Michael Vi via Shutterstock
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