PONY-W (02026) Surges Over 5% at Open as Q3 Revenue Jumps 72% and City-Level Robotaxi Turns Profitable

Stock News11-26

PONY-W (02026) opened over 5% higher, rising 5.61% to HK$101.6 by press time with a turnover of HK$1.7983 million. The company reported its Q3 2025 financial results on November 25, announcing that its seventh-generation Robotaxi achieved per-vehicle profitability in Guangzhou. PONY-W now expects to hit its 1,000-unit Robotaxi deployment target ahead of schedule, with plans to expand the fleet to over 3,000 by end-2026.

Q3 revenue reached RMB181 million, up 72% year-on-year, marking the third consecutive quarter of growth. Robotaxi business revenue grew 89.5% YoY to RMB47.7 million, with passenger fare income surging over 200%.

The company held RMB4.184 billion in cash, cash equivalents, short-term investments, restricted cash, and long-term debt instruments as of quarter-end. Post-HK listing, it secured at least RMB6 billion in additional funding to accelerate autonomous vehicle mass production, commercialization, R&D, and market expansion.

Through partnerships with Uber, ComfortDelGro, and other global mobility firms, PONY-W's Robotaxi operations and fleet testing now span eight countries.

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