Pony AI Inc. ( PONY ) shares are up during Thursday’s premarket session.

The company disclosed a strategic partnership with Uber Technologies, Inc. ( UBER ) and fresh expansion plans for its robotaxi business.

Europe’s First Robotaxi Service

Pony AI, Uber ( UBER ), and Verne have partnered to launch Europe’s first commercial robotaxi service, starting in Zagreb, Croatia, with on-road testing already underway.

The companies will combine Pony AI’s autonomous driving system, Uber’s ride-hailing platform, and Verne’s fleet operations to scale the service. Verne will own and operate the fleet, while Uber ( UBER ) will integrate robotaxis into its network.

Testing is being conducted using Pony AI’s Gen-7 system on Arcfox Alpha T5 vehicles, with preparations for fare-based rides in progress. The partners aim to expand into additional European cities and grow the fleet to thousands of vehicles over time.

Uber ( UBER ) also plans to invest in Verne to support future expansion.

Scales Robotaxi Ambitions for 2026

Pony AI said it expects to deploy more than 3,000 robotaxis across over 20 cities globally in 2026, with nearly half in overseas markets, as commercialization accelerates.

The company reported strong fourth-quarter momentum, with robotaxi revenue rising 160% year over year and fare-charging revenue surging more than 500%, driven by fleet expansion and increased user adoption.

Pony AI said it has achieved unit economics breakeven in multiple tier-one Chinese cities, including Guangzhou and Shenzhen, where demand continues to grow rapidly.

The company’s fleet expanded to 1,446 vehicles from fewer than 300 a year ago, while total users in China approached one million.

Pony AI reported a fourth-quarter adjusted loss of 12 cents per share, wider than analysts’ estimates of 22 cents. That compares with a loss of 23 cents per share a year earlier.

Revenue totaled $29.1 million, topping expectations of $23.9 million, but declined about 18% from $35.5 million in the prior-year period.

PONY 9.8% Below 20-Day SMA

The stock is currently trading 9.8% below its 20-day simple moving average (SMA) and 17.8% below its 100-day SMA, indicating bearish momentum. Shares have increased 3.26% over the past 12 months and are positioned closer to their 52-week lows than highs.

The RSI is at 38.28, which is considered neutral territory, while the MACD shows a value of -0.8150, below its signal line at -0.7680, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.

Key Resistance: $12.50

Key Support: $10.50

Pony AI Earnings May 19, 2026; EPS -$0.11

Pony AI is slated to provide its next financial update on May 19, 2026 (estimated).

EPS Estimate: Loss of 11 cents (Down from Loss of 10 cents)

Revenue Estimate: $20.88 million (Up from $13.98 million)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $22.36. Recent analyst moves include:

Barclays: Initiated with Equal-Weight (Target $15.00) (Dec. 17, 2025)

Macquarie: Initiated with Outperform (Target $29.00) (Dec. 15, 2025)

Citigroup: Buy (Lowers Target to $24.50) (Nov. 7, 2025)

PONY ETF Weights: CABZ 4.36%, HAIL 2.34%

SPDR S&P Kensho Smart Mobility ETF : 2.34% Weight

Roundhill Robotaxi, Autonomous Vehicles & Technology ETF : 4.36% Weight

Significance: Because PONY carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

PONY Price Action: Pony AI shares were up 2.28% at $11.65 during premarket trading on Thursday, according to Benzinga Pro data.