BEIJING, March 26 (Reuters) - Pony.ai expects
to more than double the fleet of robotaxis powered by its
technology to over 3,000 units across more than 20 cities
globally this year, the Guangzhou-based firm said on Thursday as
it announced its first-ever quarterly profit.
Nearly half of the 20 cities, including Croatia's capital
Zagreb, where the company is planning to launch Europe's first
commercial robotaxi service, will be in overseas markets.
Pony.ai, which debuted its international commercial
operations in Doha, Qatar, joins other Chinese autonomous
driving companies, including WeRide ( WRD ) and Baidu's ( BIDU )
Apollo Go, in expanding abroad as China cements its
position as a leader in global autonomous driving technology.
Croatian startup Verne will manage the fleet and operations.
The service will integrate into Uber's ( UBER ) ride-hailing
platform.
"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.
The company has conducted on-road testing in regions such as
the Middle East, Singapore, and South Korea.
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.