Investing.com -- Shares of Pony Ai Inc . (NASDAQ: PONY ) surged 26.5% following the unveiling of their seventh-generation Robotaxi lineup, which the company plans to mass-produce starting mid-2025. The announcement, made at the Shanghai International Automobile Industry Exhibition on April 23, highlighted the collaboration with automotive giants Toyota (NYSE: TM ), BAIC, and GAC in developing the new Robotaxi models.
Pony.ai’s latest autonomous driving system boasts a 100% automotive-grade ADK, a significant 70% reduction in BOM costs, and a modular platform architecture for easy adaptation across different vehicle models. These advancements are expected to enhance stability and safety for passengers while ensuring scalability at a manageable cost.
Dr. James Peng, Co-founder and CEO of Pony.ai, emphasized that 2025 would be the inaugural year for mass-produced Robotaxis, underpinned by the company’s focus on technology readiness, product integration, and operational capabilities. Dr. Tiancheng Lou, CTO of Pony.ai, further remarked on the superiority of their L4 autonomous driving system over human capabilities, facilitated by their proprietary simulation technology, PonyWorld.
In a related move, Hesai Group (NASDAQ: HSAI ) experienced a 7.3% increase in their stock price after being named the primary lidar supplier for the new Robotaxi fleet. Each vehicle will feature four of Hesai’s AT128 lidar sensors, a testament to the company’s leading role in the autonomous driving industry. Hesai’s CEO, David Li, expressed pride in their core technology’s contribution to one of the world’s most advanced autonomous driving platforms.
Pony.ai’s Robotaxi fleet, which has accumulated over 500,000 hours of real-world, fully autonomous operation, demonstrates a tenfold improvement in safety compared to human drivers. This performance is supported by Hesai’s AT128 lidar, which provides a 120° ultra-high-resolution field of view and a 200-meter detection range, ensuring comprehensive obstacle detection and safe navigation.
The integration of Hesai’s technology into Pony.ai’s Robotaxis marks a significant milestone in the partnership between the two companies and reinforces Hesai’s commitment to developing next-generation lidar solutions for safe and intelligent mobility. This collaboration is set to propel both companies to the forefront of the autonomous driving industry.
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