Pony AI (PONY) announced an expanded partnership with Sunlight Mobility to implement an asset-light model. This enables the Company to speed up its fleet expansion down the road. Building on the initial collaboration established in June 2024, Pony.ai has recently signed a new agreement with Sunlight Mobility to adopt the asset-light model. Under this arrangement, Sunlight Mobility will fund the Gen-7 Robotaxi vehicles, with an initial fleet to be deployed in Guangzhou before year-end 2025. Both parties plan to further expand into other cities in China in the coming years.
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