Pony AI Inc. (NASDAQ:PONY) stock rose Monday after the company unveiled a deeper collaboration with Sunlight Mobility to advance an asset-light operating model.
Details
The move represents a key step in Pony AI's plans to build a scalable and capital-efficient mobility network, supporting faster and more flexible fleet growth in the future.
Building on their June 2024 collaboration, Pony AI has signed a new agreement with Sunlight Mobility, which operates in over 180 Chinese cities, to implement the asset-light model.
Also Read: Pony AI Achieves Major Milestone With Shenzhen Driverless Commercial Permit
The deal underscores growing confidence in Pony AI's business model, as more partners fund fleets and lease its Virtual Driver technology.
Sunlight Mobility will fund the Gen-7 Robotaxi vehicles, with an initial fleet to be deployed in Guangzhou before year-end 2025. The companies intend to broaden the rollout to other major Chinese cities in the coming years.
Sunlight Mobility's platform expertise — spanning user engagement, product features, and fleet dispatch — will enhance efficiency and user experience.
Both companies will integrate their autonomous fleets across platforms, sharing economic benefits in a mutually advantageous setup.
Key Events
Last week, Pony AI introduced its fourth-generation autonomous truck lineup, a redesigned platform built to reduce costs and extend vehicle durability.
The company will report its third-quarter fiscal 2025 results on November 25, 2025.
Price Action: PONY shares were trading higher by 2.68% to $11.49 premarket at last check Monday.
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