Pony AI Inc. and Uber Announce Strategic Partnership to Advance Autonomous Mobility
GUANGZHOU, China and SAN FRANCISCO, May 6, 2025 — Pony AI Inc. (“Pony.ai”) (Nasdaq: PONY), a global leader in the commercialization of autonomous mobility, has announced a strategic partnership with Uber Technologies, Inc. (“Uber”) (NYSE: UBER). This collaboration aims to deploy Pony.ai’s Robotaxis onto the Uber platform, marking a significant step forward in the autonomous vehicle industry.
The partnership is set to launch initially in a key market in the Middle East later this year. The goal is to expand deployments to additional international markets, leveraging Uber’s extensive global reach and Pony.ai’s advanced autonomous driving technology.
Market Reaction and Stock Performance
The announcement has had a notable impact on Pony AI’s stock performance. On May 5, 2025, Pony AI’s stock jumped by 48% amid the news of the earnings report and the strategic partnership with Uber. This surge follows a period of increased trading volume and interest in the company. On May 4, 2025, the stock experienced a significant rise, with trading volume increasing by 120% compared to the previous session. The stock last traded at $9.97, up from a previous close of $8.56.
Financial Overview
Pony AI Inc., operating in the Information Technology sector, is listed on the Nasdaq. As of May 4, 2025, the company’s close price was $9.7. The stock has seen a 52-week high of $23.88 on February 20, 2025, and a low of $4.11 on April 21, 2025. The company’s market capitalization stands at approximately $3.04 billion USD.
Strategic Implications
The partnership with Uber is expected to accelerate the deployment of autonomous vehicles, with initial operations in the Middle East. During the pilot phase, Pony AI’s Robotaxis will have a safety operator onboard, ensuring a smooth transition to fully autonomous operations.
This collaboration underscores the growing momentum in the autonomous vehicle sector, with major players like Uber and Pony.ai leading the charge towards large-scale commercialization. The strategic alliance is poised to enhance the capabilities and reach of both companies, potentially reshaping the future of urban mobility.
For further updates and analysis, investors and industry observers are encouraged to monitor developments as the partnership progresses and expands into new markets.