On June 22, the China Securities Regulatory Commission (CSRC) issued a filing acknowledgment notice for MOMENTA GLOBAL LIMITED regarding its overseas listing, confirming that the overseas listing application submitted by Momenta through its domestic operating entity, Momenta (Suzhou) Technology Co., Ltd., has been accepted. The company plans to issue no more than 43,754,060 ordinary shares listed overseas on the Hong Kong Stock Exchange and will report the issuance details to the CSRC within 15 business days after the listing is completed. This move marks Momenta’s shift of its listing destination from U.S. markets to the Hong Kong market. Previously, in June 2024, the company had obtained CSRC approval to list in the U.S., planning to issue up to 63,350,000 ordinary shares on either Nasdaq or the New York Stock Exchange. However, due to slow progress, that approval expired in July 2025. Between late 2024 and early 2025, Momenta confidentially filed an application with the Hong Kong Stock Exchange, targeting a listing in 2026 with an expected IPO valuation exceeding RMB 100 billion. Founded in 2016 and headquartered in Suzhou, Momenta was co-founded by Cao Xudong, formerly a lead researcher at Microsoft Research Asia. Positioning itself as a “flywheel-style” autonomous driving solutions provider, Momenta offers product lines covering both mass-produced advanced driver-assistance systems (ADAS) and fully driverless technologies. In 2024, Momenta launched its first mass-production-ready intelligent driving large model, built on a one-stage end-to-end architecture. In terms of commercialization, Momenta is among the leading Chinese intelligent driving suppliers in terms of the number of vehicle models awarded定点 contracts. According to data released by the China Association of Automobile Manufacturers in January 2025, between January and November 2025, Momenta’s urban Navigation on Autopilot (NOA) system was installed in 414,400 vehicles, capturing approximately 61.06% of the third-party supplier market share. Its customer base includes over dozens of domestic and international automakers such as SAIC Motor, BYD, and GAC Group, with定点 contracts covering more than 100 vehicle models and 26 models already in mass production. SAIC Motor is its largest automotive investor, while General Motors and Toyota have also invested in the company. Additionally, Mercedes-Benz has confirmed that its next-generation S-Class will adopt Momenta’s intelligent driving solution, with mass production scheduled for 2027.