- Momenta’s H1 revenue surged 75.9% to RMB1.602 billion while gross margin hit about 75%.
- Adjusted net loss narrowed 97% to RMB14.1 million as operating cash outflows fell 47%.
- Momenta now powers 1.1M+ vehicles, leads China’s NOA market with 65% share, and pushes L3, Robotaxi and Robovan rollouts.
On Aug. 31, Momenta reported first-half 2026 revenue of RMB 1.602 billion ($238.2 million), up 75.9% YoY.
Excluding share-based compensation expenses, gross profit reached RMB 1.21 billion ($179.9 million), up 75% YoY, implying a gross margin of about 75%.
On the bottom line, Momenta’s adjusted net loss narrowed 97% YoY to RMB 14.097 million ($2.10 million) in the first half. Cash outflows from operating activities also fell 47% from a year earlier.
Momenta’s core revenue continues to come from mass-production intelligent driving solutions.
The company currently works with 26 automakers worldwide and has secured production-program nominations for more than 230 vehicle models.
More than 1.1 million mass-production vehicles are now equipped with Momenta systems, with over 110 production models already delivered.
Its mass-production solutions have entered more than 10 countries and regions across Asia, Europe, Oceania, Latin America and North Africa.
Momenta currently holds a 65% share of China’s third-party city Navigation on Autopilot (NOA) supplier market, ranking first in the segment.
Momenta has also begun L3 autonomous-driving development, with the SAIC Audi AUDI E7X designated as its first launch model.
Several other partner models are under development, with mass production scheduled for 2027.
Meanwhile, the company is expanding into Robotaxi, Robovan and Robotruck businesses.
Its Robotaxi service has already been deployed in six cities worldwide, with plans to expand to more than 10 cities by the end of 2026.
Momenta is also working with mobility platforms including Uber, Grab, Lumo and SAIC’s mobility platform EnjoyGo to commercialize Robotaxi services in global markets.
Momenta’s Robovan business has been deployed in Xiangcheng, Suzhou, where it is working with several major express-delivery companies.
The business expands Momenta’s autonomous-driving applications beyond passenger vehicles into unmanned delivery and logistics.
The expansion is backed by continued R&D spending. R&D accounted for 73% of Momenta’s revenue in the first half, while R&D personnel represented 79% of its total workforce.
Momenta launched its R7 World Model in March. The model has accumulated more than 15 billion kilometers of real-world driving data from its mass-production business.
Per its roadmap, the model is set to roll out in mass‑produced vehicles from Q3 2026, supporting the large-scale deployment of Robovan, Robotaxi and Robotruck applications.
Following its IPO fundraising in July 2026, Momenta’s cash reserves exceeded RMB 15 billion ($2.23 billion).
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