Pony Ai Inc. Class A · HKEX:2026
Pony Ai Inc. Class A — Q1 2026 Earnings Presentation
19 slides from Pony Ai Inc. Class A's earnings presentation, May 26, 2026
Slide 1: Business Update
Business Update November 2025 0
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Pony AI Inc. (the “Company”) solely for informational purposes and has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its officers, directors, affiliates, adviser
Slide 3: Business Updates
Business Updates Chairman and CEO Dr. James Peng 2
Slide 4: Dual Primary Listing on NASDAQ & HKEX
Dual Primary Listing on NASDAQ & HKEX Raised US$800mm+1, the largest global autonomous driving IPO in 2025 Accelerate Mass Production and Large-scale Commercialization 1,000+ Robotaxi fleet by 2025; 3,000+ by 2026 NASDAQ: PONY (November 27, 2024) Achieving Flywheel Effect Achieved City-wide Unit Eco
Slide 5: Large-scale Deployment Accelerates User Base Growth
Large-scale Deployment Accelerates User Base Growth Guangzhou Shenzhen Beijing UE Breakeven in Guangzhou1 Launched fully driverless Business Model Validation commercial services for Gen-7 Attract more third-party partners for Robotaxis asset-light model Flywheel Effect from Large-scale Operation Nea
Slide 6: Key Advancement on Executing Scale-Up Strategy
Key Advancement on Executing Scale-Up Strategy Accelerated Solid Revenue Expanded Operation Scalable Mobility Production Pace Growth Footprint Ecosystem 600+ vehicles +90% Shanghai Asset-light Robotaxi revenue YoY growth2 First to launch fully driverless Strategy of Gen-7 produced1 commercial Robota
Slide 7: Continuous Global Expansion
Continuous Global Expansion Established presence in 8 countries across China, the Middle East, East Asia, Europe and US Solid Recent Progress in Overseas Markets Qatar Singapore Entered Qatar in collaboration Collaborated with with Mowasalat, and began ComfortDelGro to begin road public-road testing
Slide 8: Robotruck Business Update
Robotruck Business Update Launched Gen-4 Robotruck Production and initial fleet deployment expected in 2026 Key Highlights Strategic Collaboration Fully automotive-grade Transition from ICE to EV platforms Efficient cost structure and greater energy saving 7
Slide 9: Technology Progress
To update Technology Progress CTO Dr. Tiancheng Lou 8
Slide 10: Early Adoption of PonyWorld Driving Technology
Early Adoption of PonyWorld Driving Technology Early technology bets helped us achieve a leading position, and will further accelerate future growth PonyWorld Training closed-loop Reinforcement Learning Unsupervised, self-improving iteration Full-stack Integration as the Foundation Witnessed a broad
Slide 11: Three Key Criteria for Forefront World Model Development
Three Key Criteria for Forefront World Model Development Criteria 1 Criteria 2 Criteria 3 High-Fidelity Ability to Reproduce AI-Based Learning Interactive Scalable, Realistic Evaluator Simulation Corner Cases A best-in-class world model must meet all three criteria to enable truly unsupervised and s
Slide 12: Tech-Driven Cost Reduction & Operational Efficiency
A Tech-Driven Cost Reduction & Operational Efficiency Gen-7 Cost Reduction Operational Efficiency 100% automotive-grade ADK1 enabled Enhanced order dispatch, matching, optimized design and 70% BOM scheduling algorithms cost reduction2 from Gen-6 Improved Virtual Driver to handle more complex scenari
Slide 13: Tech-Driven Superior Service Experience
B Tech-Driven Superior Service Experience Ride Comfort Advanced interactive planning optimizes the frequency and magnitude of acceleration, braking, and steering Delivers smooth, natural motion control tailored to EV characteristics Gen-7 drove widespread positive feedback and social media attention
Slide 14: Tech-Driven Generalization Across Regions & Platforms
C Tech-Driven Generalization Across Regions & Platforms Cross-Regional Cross-Platform Generalization Generalization • Gen-4 Robotruck to enter • Virtual Driver adapts quickly to diverse global traffic L4-Native production & operations, leveraging Gen-7 Robotaxi conditions Tech Architecture solution
Slide 15: Financial Updates
Financial Updates CFO Dr. Leo Wang 14
Slide 16: Strong Revenues Momentum
Strong Revenues Momentum Robotaxi Services and Licensing & Applications Growths to Fuel the Group’s Revenues Total Revenues Robotaxi Services Robotruck Services Licensing and Applications (US$mm) Revenues from: Revenues from: Revenues from: ▪ (a) fare-charging Robotaxi rides ▪ (a) paid transportatio
Slide 17: Disciplined Investment to Accelerate Large-scale Commercial Deployment
Disciplined Investment to Accelerate Large-scale Commercial Deployment • The remarkable gross margin improvement was mainly driven by 1) strategic initiative to optimize the revenue mix; 2) a greater contribution from Robotaxi business with a higher margin. • The increase in operating expenses prima
Slide 18: Sufficient Cash Reserve Further Strengthened by IPO
Sufficient Cash Reserve Further Strengthened by IPO, to Fuel Accelerated Growth Cash Reserve Cash Balance Post HK IPO • Around half of the cash balance decrease came from one-off cash outflows, including capital injection to Zhuifeng, our JV with Toyota for Gen-7 mass production and deployment. US$5
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