UBER and Momenta to Test Self-Driving Cars in Germany

Uber Technologies, Inc. (NYSE:UBER) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 8, Reuters reported that Uber Technologies, Inc. (NYSE:UBER) has announced plans with a Chinese self-driving tech company called Momenta to test level 4 autonomous vehicles in Germany next year.

According to the report, Uber Technologies, Inc. (NYSE:UBER) is looking to grow its robotaxi footprint as competition in this area rises. Level 4 autonomous vehicles can drive by themselves without human intervention in certain areas and under specific conditions.

UBER and Momenta to Test Self-Driving Cars in Germany

Uber Technologies, Inc. (NYSE:UBER) has been trying to build a strong position in the robotaxi market by partnering with companies like Alphabet Inc.’s (GOOGL) Waymo, Lucid Group, Inc. (LCID), and WeRide Inc. (WRD).

In May 2025, Momenta and Uber Technologies, Inc. (NYSE:UBER) had announced their partnership to bring autonomous vehicles to markets outside the United States and China.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.

While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best NASDAQ Stocks to Buy For Long Term and 10 Unrivaled Stocks of the Next 3 Years.

Disclosure: None. This article is originally published at Insider Monkey.