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 provider globally”, particularly in the urban “navigation on autopilot” (NOA) segment.“Momenta’s market share in the urban NOA segment is 64.5 per cent,” the analyst said. “It collaborates with nine of the top 10 global automakers and has strategic shareholders including Mercedes-Benz, Toyota and GM.”