Pony AI expands into Europe for robotaxi business

Pony AI fell 2% premarket despite reporting its first quarterly profit. While revenue dropped 18% to $29.1 million, it beat analyst estimates. CEO James Peng highlighted the profitability of their robotaxi business and expansion into Europe with partners Uber and Verne. The company plans to expand its fleet to 3,000 vehicles in 2026. Robotaxi revenue surged 160% in Q4.

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