The Beijing government started granting temporary self-driving permits to mobility companies in March 2018.
Level 3 systems have been questioned with some test results suggesting human drivers are too trusting.
The company is focused on developing AI chips for self-driving vehicles and surveillance cameras, among others.
The Chinese search engine giant seeks to increase its self-driving advantages in the country’s EV consumption boom.
Momenta beat out Pony.ai, which was “close to” the $1 billion mark in July.