China’s self-driving push gains ground in Europe as Momenta, Pony.ai expand
China’s autonomous-driving ambitions are winning growing recognition in Europe, with Deutsche Bank raising its target price for Momenta following a key regulatory breakthrough, and Pony.ai expanding its European robotaxi roll-out alongside Uber Technologies. In a research note released on Monday, Deutsche Bank analyst Bin Wang saw Momenta as the “No 1 independent autonomous-driving solution…
Autonomous driving technology companies in China are making significant strides in Europe, with two leading firms, Momenta and Pony.ai, expanding their presence. Deutsche Bank raised its target price for Momenta after securing approval for nationwide urban-road testing of Level 4 autonomous-driving systems in Germany. Momenta currently holds a 64.5% market share in the urban "navigation on autopilot" segment and collaborates with nine of the top global automakers.
Meanwhile, Pony.ai announced a major expansion of its partnership with Uber, deploying over 2,000 robotaxis across five European cities, with plans to extend to four more cities and the Middle East. These advancements highlight China's growing influence in the global auto market, particularly in the autonomous-driving sector. Deutsche Bank's analyst, Bin Wang, believes third-party independent solution providers like Momenta have a competitive advantage over carmakers' in-house teams due to faster algorithm iteration, access to larger fleets, and lower development costs.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
