China's Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet

China-based Pony AI Inc (NASDAQ:PONY) stock gained on Tuesday premarket after the company disclosed its first-quarter results. Sales grew 11.6% year-over-year to $13.98 million (101.6 million Chinese yuan), mainly driven by rapid growth in Robotaxi services revenues. The analyst consensus estimate for sales was 90.11 million Chinese yuan. Robotaxi services revenue climbed 200.3% Y/Y to $1.7 million in the quarter, primarily attributable to expanding its public-facing fare-charging operations in