Pony AI Inc. saw a significant stock surge of 55% after its CTO revealed the ability to cut autonomous driving system costs by 70%. The company focuses on software for autonomous vehicles and recently unveiled new driverless vehicles at the Shanghai Auto Show in partnership with state-owned automakers and Toyota. Furthermore, a partnership with Tencent allows integration of its ride-hailing services into popular applications like Tencent Maps and WeChat. With production costs reduced from $137,217 to $41,165, analysts predict potential breakeven by late 2025 but a full profit may not be reached until 2030.
"The key is software optimization. Our software performance has tripled under the same computing power," said CTO Lou Tiancheng about reducing costs.
Pony AI has slashed its BOM costs from $137,217 to $41,165, positioning itself for potential profitability by 2025 if trends continue.
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