Pony AI Inc. Class A · HKEX:2026
Pony AI Inc. Class A — Q4 2025 Earnings Presentation
23 slides from Pony AI Inc. Class A's earnings presentation, March 2026
Slide 1: Business Update
Business Update March 2026 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: Pony.ai: A Leading Autonomous Driving Company
Pony.ai: A Leading Autonomous Driving Company Core Virtual Driver Technology, with Tech Stack Shareable Across Three BUs Robotruck Partnership with China’s leading truck manufacturer and China’s largest freight logistics company for Robotruck development and commercialization Robotaxi Pony Urban mob
Slide 5: 2025: A Year of Remarkable Milestones
2025: A Year of Remarkable Milestones Revenue Acceleration Mass Production 160% 500%+ 1,400+ Q4 Robotaxi Q4 Fare-charging Robotaxi Revenue YoY Revenue YoY Fleet Size1 Footprint Expansion Unit Economics Breakeven 1,000 Global 800 1M+ Shenzhen2 More 600 Users in China1 Expansion 400 Guangzhou Markets3
Slide 6: Five Pillars Powering Our Success
Five Pillars Powering Our Success Fully-Driverless Policy Mass Large-Scale Ecosystem Technology Support Production Operation Maturity Fleet Size Positive UE in Shenzhen 3,000+ 23 25 Average daily orders1 Peak daily orders2 1,000+ RMB338 RMB394 <300 Average daily revenue1 Peak daily revenue2 FY24 FY2
Slide 7: Dual-Engine Strategy to Drive Hyper-Growth
Dual-Engine Strategy to Drive Hyper-Growth Proven Model in China Replicate to More Markets Tier-1 cities China Overseas Clear Leadership in Tier-1 Cities Reaching ~100M population Beijing, Shanghai, Shenzhen, Guangzhou Europe Zagreb, Croatia Luxembourg Entering into More Top Tier-2 Cities Middle Eas
Slide 8: Ecosystem Maturity to Expedite Joint Deployment Model
Ecosystem Maturity to Expedite Joint Deployment Model Strategic OEM Partnerships Platform Integrations Toyota Domestic • bZ4X Gen-7 mass production secured 1,000 vehicles for 2026 fleet • Manufacturer & Joint Deployment Partner …… BAIC & GAC International • Mature supply chain & extensive after-sale
Slide 9: Robotruck and Licensing & Applications Highlights
Robotruck and Licensing & Applications Highlights Robotruck Licensing & Applications Covering major logistics routes 6x ADC1 Sales Volume Growth2 Gen-4 Robotruck 70% ADK BOM cost reduction Low-speed delivery Fully-driverless operations in Port Scenarios Robosweepers 1+N driverless platooning Logisti
Slide 10: 2026 Outlook: Driving Hyper-Growth
2026 Outlook: Driving Hyper-Growth 3x+ 3,000+ 20+ Robotaxi Revenue Robotaxi Fleet Cities Deployment in More Than Triple Fleet Target By China and Overseas vs. 2025 2026 By 2026 "Autonomous Mobility Everywhere." 9
Slide 11: Technology Progress
To update Technology Progress CTO Dr. Tiancheng Lou 10
Slide 12: Robotaxi: 1st Commercial Application of Physical AI
Robotaxi: 1st Commercial Application of Physical AI Validated by real-world operations and user adoption Technology Foundation L4-Native Policymaker Trust First-Mover Tech Architecture Earned Advantage 11
Slide 13: From Technology to Commercialization
From Technology to Commercialization The key to success is who can deliver reliable driverless Robotaxi services at scale Pony’s technology is driving commercial success across 3 dimensions: Scale Efficiency User Experience 12
Slide 14: A Tech-Driven Scale
A Tech-Driven Scale Mass Production Momentum Overseas Validation Case Study Croatia Navigated complex traffic in both old town and new development layout Comprehensive ODD1 Technology validated in demanding overseas environments 24/7 Peak Severe Reaching 20+ cities Operations Rush Hours Weather in C
Slide 15: B Tech-Driven Efficiency
B Tech-Driven Efficiency Scalable Operational Cost Advantage Workflows Hardware Cost Reduction Deep Operational Expertise Joint Deployment Model Operation Cost Benefits Faster Scaling, Better Capital Efficiency 14
Slide 16: C Tech-Driven User Experience
C Tech-Driven User Experience Serving high-value, high-difficulty scenarios, with high willingness-to-pay Coverage Depth · Extreme Reliability · Ride Comfort ·Gen-7 Shenzhen Beijing Evening rush hour in Full operations through Smoother acceleration & braking, Shenzhen, China heavy snowstorm reducing
Slide 17: Beyond Robotaxi: Technology Synergy
Beyond Robotaxi: Technology Synergy Seizing commercial opportunities across the broader autonomous driving industry Robotruck Licensing & Applications Proprietary ADC1 design 80% Shared Tech Stack Low-speed delivery Robosweepers Full-scenario, all-weather, 24/7 operational capabilities Highway, indu
Slide 18: Financial Updates
Financial Updates CFO Dr. Leo Wang 17
Slide 19: Robotaxi: Core Growth Engine & Clear Path to Profitability
Robotaxi: Core Growth Engine & Clear Path to Profitability Robotaxi Services Clear Cost Advantages Exceptional AI Driving (US$mm) Capabilities Robotaxi Revenues Vehicle Manufacture Deliver High-quality, and Operation Reliable Service +129% +160% 16.6 Positive Unit Economics in Shenzhen 6.7 7.3 – Inc
Slide 20: Growth Trajectory of our Robotaxi Business
Growth Trajectory of our Robotaxi Business Topline Growth Technology Cost Advanced AI Driver Dual-engine Strategy Secured Procurement Capabilities Continuous BOM Cost 20+ Cities1 Premium User Experience Reduction Pricing Power & Robotaxi Joint Deployment Operational Leverage User Mindshare High gros
Slide 21: Robotruck and Licensing & Applications
Robotruck and Licensing & Applications Robotruck Services Licensing and Applications (US$mm) +1% +20% 40.6 40.4 32.8 27.4 2024 2025 2024 2025 Cost Reduction in: • ADK BOM Cost • Strong Demand from ADC1 Product • Per Kilometer Operation Costs • 6x ADC Sales Volume Growth2 Gen-4 Truck Commercializatio
Slide 22: Other Financial Metrics
Other Financial Metrics Profitability Ample Cash Reserve • First-ever quarterly GAAP net • Over US$1.5 billion cash reserves1 income of US$75.5mm in 4Q25 • Solid capital position to accelerate • Driven by strategic equity investment large-scale commercialization and gains faster growth • Strengthen
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