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robotics/news//Reuters
Nearly half of that total will be in overseas markets, including Croatia's capital Zagreb.
Pony.ai will launch Europe's first commercial robotaxi service in Zagreb, Croatia.
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Pony.ai achieved single-unit profitability in Guangzhou and Shenzhen and posted its first profitable quarter.
Q4 net profit was $75.5 million, mainly from increased fair value of trading securities.
Fare-charging revenue increased over six times year-on-year, with fleet size growing to 1,446 vehicles.
Nearly half of that total will be in overseas markets, including Croatia's capital Zagreb, where the company is planning to launch Europe's first commercial robotaxi service.
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"This partnership creates a more efficient and scalable path to international expansion, with the potential for Pony.ai to share in recurring revenue streams generated through local commercial service," said James Peng, Pony.ai's co-founder and CEO.
Pony.ai has conducted on-road testing in regions such as the Middle East, Singapore, and South Korea.
Further down the road, the company expects to deploy its seventh-generation robotaxis in major European cities on a small scale initially, before expanding collaboration with local automakers to achieve large-scale commercialisation of its technology across the continent, Peng told a post-earnings call.
Pony.ai, which achieved single-unit profitability in the Chinese cities of Guangzhou and Shenzhen, posted a fourth-quarter net profit of $75.5 million, marking its first profitable quarter. The firm attributed the results primarily to increased fair value of trading securities.
Fare-charging revenue grew over six times year-on-year in the fourth quarter, driven by fleet expansion and higher user adoption rates. The company reported a total fleet size of 1,446 cars as of Wednesday, compared to fewer than 300 vehicles a year earlier.
Reporting by Qiaoyi Li and Ju-min Park, editing by Andrei Khalip