Chinese autonomous driving Pony AI Inc. (NASDAQ:PONY) shares are trading higher premarket on Tuesday after the company inked a strategic deal with Uber Technologies, Inc. (NYSE:UBER) to deploy Pony.ai's robotaxis onto the Uber platform.
This partnership will initially launch in a key Middle Eastern market later in 2025, with plans to expand to other international markets.
Once the service is available, Uber app users in the selected market who request an eligible ride may have the option to be picked up by a Pony.ai autonomous vehicle.
During this initial phase, a safety operator will be present in the vehicle until the companies achieve a fully autonomous commercial launch.
This partnership marks a significant step in Pony.ai's global expansion strategy, utilizing its existing infrastructure to demonstrate its advanced technological capabilities.
This technological progress supports the collaboration's strategic objectives, allowing Uber's platform to incorporate autonomous vehicles more rapidly and safely as the partnership extends to additional markets.
In April, Pony AI shared plans to develop autonomous driving technology in partnership with Tencent Holdings' Tencent Cloud and deploy robotaxi services on Tencent's WeChat and other applications.
Pony plans to release the first quarter 2025 results on May 20, 2025.
Price Action: PONY shares are up 5.57% at $10.24 at the last check on Tuesday.
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