Tag: vehicles

NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that its seventh-generation (“Gen-7”) Robotaxi recently entered mass production for multiple models and began road testing. This milestone brings Pony.ai significantly closer to its goal of expanding its fleet to 1,000 vehicles by the end of 2025, laying a strong foundation for future large-scale commercial deployment.

The global logistics market size is expected to be worth approximately USD 23.14 trillion by 2034, increasing from USD 11.23 trillion in 2025, fueled by booming e-commerce, tech adoption, and infrastructure initiatives.

The Europe off-highway electric vehicle (OHEV) market is set for remarkable growth, projected to expand from $1.39 billion in 2024 to $13.78 billion by 2034, reflecting a CAGR of 25.76%. This surge is driven by the adoption of electric equipment in mining, construction, and agriculture sectors, aligning with stringent EU emissions regulations and climate goals. This shift to electric off-highway vehicles is supported by advancements in battery technology, charging infrastructure, and government incentives, positioning these vehicles as pivotal in the region's sustainable mobility shift. Key players include AB Volvo, CNH Industrial, and Liebherr Group.