09:46 AM EST, 11/24/2025 (MT Newswires) -- (Updates to add the latest share move in the headline and first paragraph.)

Pony.ai (PONY) shares were up about 5% in recent Monday trading after the company said it has expanded its partnership with Sunlight Mobility to implement an asset-light model.

Financial terms were not disclosed.

Under this arrangement, Sunlight Mobility will fund Pony.ai's gen-7 robotaxis, with an initial fleet to be deployed in Guangzhou before year-end 2025 and other cities in China in the coming years, the company said.

The deal is part of Pony.ai's strategy to build capital-efficient mobility platforms and speed up expansion, the company said.

Price: 11.65, Change: +0.46, Percent Change: +4.11