Pony.ai announces 2024 annual and fourth quarter financial results

In 2024, Pony.ai's revenue hit a new high of US$75 million (RMB 544 million), a 4.3% increase from US$71.9 million in 2023. This is also the third consecutive year of year-on-year growth. In terms of net loss, Pony.ai will be US$275 million (RMB 1.996 billion) in 2024, compared with US$125.3 million in 2023; the non-GAAP net loss in 2024 will be US$153.6 million, compared with US$118.5 million in 2023. As of December 31, 2024, Pony.ai held a total of RMB 5.988 billion (US$825 million) in cash equivalents and long-term and short-term financial investments, a year-on-year increase of 39.4%.