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Chinese robotaxi startup Pony.ai sees widening losses, growing sales in Q2
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TechNode
Chinese robotaxi startup Pony.ai on Tuesday reported a 76% year-on-year rise in second-quarter revenue to nearly $21.5 million, although its net loss widened to $53.3 million in the year ended June 30 from $30.9 million a year earlier.
The company’s robotaxi services revenue surged 158% to approximately $1.5 million, as demand for its autonomous ride-hailing services continues to grow in China’s four first-tier cities including Shenzhen and Guangzhou.
Despite this, robotaxi services only account for 7% of its total revenue.
Investment remains “a top priority” during this critical scaling process, financial chief Leo Wang told investors during an earings call.
[TechNode reporting, Pony.ai release]Related
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