Momenta secretly files for listing on the Hong Kong Stock Exchange, expected to go public within the year

The intelligent driving solution provider Momenta has secretly submitted its prospectus to the Hong Kong Stock Exchange. Several informed sources have indicated that Momenta’s current primary market valuation has exceeded 100 billion yuan and is actively pushing forward with the listing process, planning to be listed on the Hong Kong Stock Exchange within 2026. According to the current regulatory arrangements, Momenta also needs to file with the International Department of the China Securities Regulatory Commission and obtain a filing notice, which is a necessary condition for Chinese companies to undergo a listing hearing in Hong Kong. Currently, there are no Chinese companies listed in Hong Kong or the U.S. with a main business and scale close to that of Momenta. The Hong Kong stock’s WeRide and the U.S. stock’s Pony.ai are more considered Robotaxi concept stocks at this stage. However, it is understood that several domestic intelligent driving suppliers are also preparing to go public this year. Momenta is a leading supplier in the field of advanced intelligent driving solutions. On March 16, at the SAIC Volkswagen ID.ERA technology launch event, Momenta’s founder and CEO Cao Xudong introduced that Momenta has accumulated nearly 700,000 vehicles equipped with its technology and has secured over 170 model contracts. Beyond the Chinese market, its intelligent driving solutions have been deployed in more than 10 countries and regions, including the United Kingdom, Norway, Australia, the United Arab Emirates, and Thailand. (Finance Network)