Momenta Races Toward Hong Kong IPO as Urban NOA Leader

[Company Update] Momenta has passed the Hong Kong Stock Exchange listing hearing and plans to list on July 8, becoming the first company on the Hong Kong Stock Exchange dedicated to 'physics-based AI + mass-produced advanced intelligent driving.'

Core Development: 65% Market Share Leading the Third-Party NOA Market

Momenta achieved a 65% sales market share among third-party urban NOA (Navigate on Autopilot) suppliers in China from March 2025 to February 2026, secured定点 (nomination) for 170 vehicle models, and surpassed 650,000 units in urban NOA installations.

Key Metrics: Revenue Tripled in Three Years, Gross Margin Soars to 71.6%

From 2023 to 2025, the company’s revenue grew from RMB 743 million to RMB 24.13 billion, with adjusted losses continuously narrowing and cash reserves exceeding RMB 10 billion.

Strategic Foundation: Partnerships with 9 Global Top-Tier Automakers, 7 of Which Are Shareholders

Momenta has partnered with 9 of the world’s top 10 automakers, deeply integrating into their mass-production systems to build a robust competitive moat.