China’s Self-Driving Advances in Europe: Momenta and Pony.ai Expand Reach

China’s self-driving technology is gaining traction in Europe, with Momenta and Pony.ai making significant strides. Deutsche Bank raised its target price for Momenta after the company achieved a crucial regulatory milestone. Analyst Bin Wang hailed Momenta as the top independent autonomous-driving solution provider globally, dominating the urban “navigation on autopilot” (NOA) segment with a 64.5% market share. Momenta boasts collaborations with nine of the top 10 global automakers and counts Mercedes-Benz, Toyota, and GM among its strategic shareholders. Deutsche Bank recently began covering Momenta, which raised approximately US$752 million in an IPO in Hong Kong. Setting a target price of…