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The global robotaxi market is projected to reach $45.7 billion by 2030, with a compound annual growth rate (CAGR) of 91.8% from 2023 to 2030. Both Pony AI, an autonomous-driving company based in Guangzhou, China, and Uber Technologies, a ride-hailing company, are key players in this market. Uber, after selling its self-driving division in 2020, aims to leverage partnerships, including a recently announced collaboration with WeRide to introduce self-driving cars in Dubai, aligning with the city’s goal of making 25% of trips autonomous by 2030.
Pony AI plans to exceed 1,000 robotaxis in its fleet by the end of 2025, up from around 250 in late 2024, and has partnered with Uber for deployments across the Middle East. Additionally, Pony is collaborating with Shenzhen Xihu Corporation to launch over 1,000 Gen 7 robotaxis in Shenzhen, focusing on tier-one urban centers. The self-driving taxi market in China was valued at approximately $12 billion in 2024, outpacing the U.S. market, which was valued at $8 billion.
As of now, Pony AI holds a Zacks Rank #2 (Buy), while Uber has a Zacks Rank #3 (Hold). The competition between these two companies highlights the rapid advancements and significant investments being made in autonomous vehicle technology.
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