Slides
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0 Business Update August 2026
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1 Disclaimer This presentation has been prepared by Pony AI Inc. (the “Company”) solely for informational purposes and has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its officers, directors, affiliates, advisers, or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company, its officers, directors, affiliates, advisers, or representatives accepts any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed. Certain statements in this presentation, and other statements that the Company may make, are forward-looking statements. These statements reflect the Company’s intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “intends,” “anticipates,” “believes,” “confident” or words of similar meaning. These forward-looking statements, such as the expected Robotaxi annual revenues, year-end fleet size and expected city deployment, are not guarantees of future performance and are based on a number of assumptions about the Company’s operations and other factors, many of which are beyond the Company’s control. Accordingly, actual results may differ materially from these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, and they do not undertake, to revise forward-looking statements to reflect future events or circumstances. This presentation does not constitute an offer to sell or issue or an invitation to purchase or subscribe for any securities of the Company for sale in the United States or any other jurisdiction. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, these materials do not constitute a “prospectus” within the meaning of the Securities Act. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. In evaluating its business, the Company uses certain non-GAAP measures as supplemental measures to review and assess its operating performance. Such non-GAAP financial measures have limitations as analytical tools and, when assessing its operating performance, investors should not consider them in isolation or as a substitute for loss from operations, net loss or any other measures of performance prepared in accordance with GAAP or as an indicator of our operating performance.
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2 Chairman and CEO Dr. James Peng Business Updates
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3 Pony.ai: A Leading Autonomous Driving Company Core Virtual Driver Technology, with Tech Stack Shareable Across Three BUs Pony Virtual Driver Robotaxi Urban mobility services powered by L4 autonomous driving technology Robotruck Partnership with China’s leading truck manufacturer and China’s largest freight logistics company for Robotruck development and commercialization Intelligent Solutions1 Apart from Robotaxi and Robotruck. Currently there are three main sources: — Sale of proprietary vehicle domain controller products to various clients (e.g., low-speed delivery, robosweepers, logistics, humanoid robotics) — V2X (vehicle-to-everything) products and services — Advanced analytics and smart labeling toolchains for OEMs and other industry participants Note: 1. Starting from the first quarter of 2026, “licensing and applications” has been renamed to “intelligent solutions” to better reflect the broader scope of solutions offered under the business line. The change represents a naming update only and does not affect the basis of the presentation of the Company's financial resul ts.
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4 2Q26 Key Highlights US$36.2M +69% Total revenues YoY growth¹ US$12.1M 690+% Robotaxi revenues YoY growth¹ 800+% Fare-charging revenues YoY growth¹ ~2,000 Robotaxi fleet size² On track to 3,500+ by year-end3 Domestic Deepening density in tier-one cities Global 1.5M+ registered users4 Scaling joint deployment model 4,000+ vehicle commitments with multiple partners Dual-Engine Strategy Strong top-line growth Rapid fleet scaling Notes: 1. 2Q2025–2Q2026 year-over-year growth. 2. As of June 30, 2026. 3. 2026 target. 4. Registered users as of August 16, 20 26
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5 Domestic Market: Depth in Tier-One Cities Large-scale commercial deployment requires: Positive user satisfaction Verified safety records Where Pony.ai Stands Driverless technology validated at scale Positive unit economics validated at scale Higher standards → wider competitive moat Proven large-scale driverless capabilities Guangzhou Extended services to city center Note: 1. Coverage area comparing with the beginning of 2026. Captured highly concentrated urban mobility demand 300+km1 added Shenzhen Operational resilience validated Holidays · Rush hours · Rainstorms 3 major transit hubs connected Airport · Bay Port · Cruise Port This confidence is grounded in solid execution and delivery Top-tier user experience Gen-7 models in daily service in multiple cities GAC Aion V / BAIC ARCFOX Alpha T5/ Toyota bZ4X 7M+ population covered
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6 Global Market: Scaling With Joint Deployment Model Overseas markets gaining momentum as our second growth engine • Expanded collaboration with Uber • 2,000+ Robotaxis committed • Across 5 key European cities 4,000+ new vehicles deployment commitments Deployment with Bolt & Stellantis continues to move forward Luxembourg Public service now live on ComfortDelGro’s Zig app Singapore • Additional commitments from multiple partners • Broader international market coverage Deepening operations in existing markets Proven in China’s Tier-One Cities → Winning Partners Globally Multiple Partners
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7 Joint Deployment Model: Asset-Light Scaling Leveraging local ecosystems and partner expertise for capital-efficient expansion Significant QoQ revenue contribution growth1 Unlocks long-term value; attracts partners e.g., expanded Uber partnership Note: 1. 1Q2026–2Q2026 quarter-over-quarter growth. Delivering Tangible Commercial Results Strong Monetization Repeatable Growth Model Partner-funded fleets enable faster scaling, lower unit costs, and superior capital efficiency Asset-light Model What we tap into Highly capital-efficient, asset-light scaling strategy Technology enabler Fleet OperationUser traffic
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8 Robotruck: From Mass Production to Port Operations Gen-4 Robotruck Mass production on schedule Commercial deliveries begun Mawan Port, Guangdong Fully-driverless in a mixed setting with other human-driven trucks Strong synergy gained from Robotaxi operational experience Revenues scale-up +40% Robotruck revenues YoY¹ Note: 1. 2Q2025–2Q2026 year-over-year growth.
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9 Outlook: Accelerating Into 2H 2026 Notes: 1. 2026 target. 2. 2026 target Robotaxi revenues to grow 3.5 times from the level of 2025. Domestic • Add vehicles in tier-one cities • Widen moat & scaling edge • Enter multiple markets Global • Joint deployment model driving topline growth with capital efficiency Robotaxi Revenue Outlook2: ＞ Goal: 20-city by year-end1 Focus: Long-term value creation & capital-efficient commercialization 3.5x
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10 To update CTO Dr. Tiancheng Lou Technology Progress
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11 Unique Tech Stack Drives Strong Q2 Momentum Domestic Validated in the most challenging scenarios Virtual Driver: more agile and precise in extreme conditions Delivering higher commercial returns Global Replicating success in premium urban markets globally Top-tier partners choosing to scale with us through joint deployment model Rapid, scalable expansion across domestic and international markets Narrow roads Dense residential neighborhoods Common roadside parking Despite fundamental regional differences, our robust generalization enables rapid deployment Traffic rules and driving habits vary significantly across different regions Proven technical track record
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12 High-precision World Model 2.0 captures local behavioral dynamics, bridging the sim-to-real gap Automatically isolates deeply hidden issues Generates targeted solutions Validates them for real-world deployment Dramatically accelerates deployment timeline Manual Workflow Dozens of engineers Human in the loop Just a few engineers World Model 2.0 to Improve R&D Efficiency Pony World 2.0 Efficient Market Entry: Target: 20 cities1 Launch in multiple cities with distinct driving environments all at once Note: 1. 2026 target.
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13 Tech-driven Operational Efficiency Improved vehicle-to- staff ratio A small team can manage charging and service for a large fleet Stronger partner pull Operational efficiency boosts willingness to adopt joint deployment model Shared parking & charging Use normal parking lots and autonomously find open chargers No dedicated parking lot required Lower UE costs Multiple partners, e.g.
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14 Financial Updates CFO Dr. Leo Wang
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15 21.5 36.2 2Q25 2Q26 2Q26 Financial Highlights Total Revenues Robotaxi Revenues (US$mm) $36.2M Strong topline growth driven by notable Robotaxi revenues growth (US$mm) $12.1M Robotaxi Revenues1 Fare-charging Revenues1 +691% +849% YoY YoY 1.5 12.1 2Q25 2Q26 +69% +691% Record Quarterly High Note: 1. 2Q2025–2Q2026 year-over-year change.
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16 Robotaxi: Accelerating Core Growth Engine US$12.1M +849% Fare-charging revenues YoY More regions, and into core downtown areas with higher economic value Upfront vehicle delivery revenue High-margin, recurring revenue-sharing income1 Note: 1. Recurring revenue-sharing income under the Joint Deployment Model is expected as fleet operations scale. 1Q26 YoY +395% 2Q26 YoY +691% 2. Joint Deployment Model Momentum Zagreb, Croatia Showcase Landmark commercial launch in a European capital city center 1. Fare-charging Fleet Expansion YoY Growth acceleration driven by Robotaxi Services China Leadership Strengthening leadership in tier-one cities Global Alliance Multi-partner ecosystem with 4,000+ vehicle commitments Record Quarterly High
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17 Robotruck and Intelligent Solutions (US$mm) 9.5 13.3 2Q25 2Q26 Driven by increased logistics transportation revenues Cross-segments synergy Capabilities from Robotaxi & Robotruck long-haul routes applied to new verticals (e.g., Mawan Port) Meaningful additional sales contributed from domain controllers for 1H26 +40% Robotruck Services Intelligent Solutions Note: 1. 1H26 refers to the six months ended June 30, 2026. (US$mm) 10.4 10.8 2Q25 2Q26 1H261: $26.3M, YoY +77% +4% Domain controllers sales extend our technology to customers along the value chain for diversified use cases
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18 Costs and Margins: Operating Leverage Materializing Gross Profit Expansion US$6.4M +83.4% YoY1 Gross Margin 17.5% +1.4 percentage points YoY1 Disciplined OpEx Growth Non-GAAP OpEx US$63.0M +9.6% YoY1 vs. revenue +68.8% YoY1 Significantly lower than revenue growth PonyWorld 2.0 model AI-powered closed-loop R&D enables the same engineering team to cover far more work AI-driven R&D Efficiency Loss from Operations Margin +104 percentage points YoY improvement1 Net Loss US$45.4M -14.9% YoY1 Net Loss Margin +123 percentage points YoY improvement1 Losses narrowed significantly as operating leverage materialized Note: 1. 2Q2025–2Q2026 year-over-year growth.
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19 Cash Balance Robust Cash Position with Capital Discipline (US$mm) Total Cash & Investments1 1,435.5 1,390.5 1Q26 2Q26 US$1.39B Notes: 1. Cash and cash equivalents, short-term investments, restricted cash and long -term debt instruments for wealth management. 2. As o f March 31, 2026. 3. As of June 30, 2026. Maintained a prudent cadence in cash management Prudent Cash Management Supporting fleet expansion, data center capex and continuous R&D Strategic Growth Investment Maintaining capital discipline for scaling as partners contribute to fleet resources & local operating capabilities Asset-light JDM Framework 2 3
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20 Commercial Viability with a Clear Path to Profitability Vehicles produced1 Global operating footprint Domestic Registered users2 Cash reserve3 ~2,000 China, Europe, Middle East, etc. 1.5M+ US$1.39B Notes: 1. As of June 30, 2026. 2. Registered users as of August 16, 2026. 3. Cash and cash equivalents, short-term investments, restricted cash and long -term debt instruments for wealth management. The momentum and the resources to execute on our full-year targets and beyond
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