China’s self-driving push gains ground in Europe as Momenta, Pony.ai expand

China's Momenta and Pony.ai are making progress in their self-driving car efforts in Europe. Momenta has received a key regulatory breakthrough, which has led Deutsche Bank to raise its target price for the company. This development is significant because it shows that China's autonomous-driving ambitions are gaining traction in Europe, where many countries are eager to adopt this technology to improve road safety and reduce traffic congestion.

Why it matters

China's self-driving technology is gaining recognition in Europe, which could lead to increased investment and growth in the sector. This could boost investor sentiment and lead to a rise in Chinese tech stocks.

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