Key facts
- Momenta is partnering with automakers to mass-produce Level 3 self-driving vehicles.
- The company is exploring a consumer-facing subscription model for its services.
- In the first half of 2026, Momenta reported 1.6 billion yuan ($238 million) in revenue, up 75.9% year-on-year.
- New installations of Momenta's mass-production solutions increased by 83.7% year-on-year to approximately 321,000 units.
- The company's R7 World Model, designed as a unified technological foundation, will begin deployment in mass-produced vehicles in Q3 2026.
Chinese autonomous driving startup Momenta is advancing its strategy by partnering with automakers to mass-produce Level 3 self-driving vehicles. Concurrently, the company is exploring a consumer-facing subscription model as part of a broader business model transformation.
These developments were announced alongside Momenta Global Ltd.'s first interim financial report since its listing on the Hong Kong Stock Exchange. For the first half of 2026, the company reported revenue of 1.6 billion yuan ($238 million), marking a 75.9% increase year-on-year. The gross margin stood at 73.2%, and the adjusted loss narrowed to 14.1 million yuan.
New installations of Momenta's mass-production solutions saw a significant rise of 83.7% year-on-year, reaching approximately 321,000 units in the first half. The company delivered 37 mass-produced vehicle models during this period, contributing to a cumulative total of 105 models. Its solutions now cover 26 automakers.
The company's latest-generation R7 World Model is slated for deployment in mass-produced vehicles starting in the third quarter of 2026. Momenta's robovan business has initiated small-scale pilot operations in Suzhou, with its first mass-produced robotaxi expected to launch in the fourth quarter. Momenta aims to deploy hundreds of robotaxis globally by the end of 2026.
Momenta's research and development spending increased by 18.6% to 1.16 billion yuan, representing 72.6% of its revenue. The company's R&D employees constituted 79.1% of its workforce as of June.