Momenta Lists on HKEX, Accelerating the Real-World Deployment of Physical AI

[Company Update] Momenta debuted on the Hong Kong Stock Exchange as the 'first physical AI stock,' with its share price surging to HK$314.8 on the first trading day.

Core Development: Congratulatory Messages from 20 Automakers on Listing Day, Highlighting Its Pivotal Industry Role

Nearly 20 leading automakers—including Mercedes-Benz, BMW, Audi, SAIC Volkswagen, and Chery—collectively voiced their support on the listing day. Michael Lohscheller, CEO of Beijing Benz, emphasized co-shaping intelligent mobility by integrating Momenta's AI technology; Tao Hailong, General Manager of SAIC Volkswagen, stated that physical AI has already passed validation under extreme operating conditions.

Key Metrics: Raised HK$6.8 Billion, Garnering Strong International Investor Demand

The offering price was set at HK$295.6 per share, with public subscription oversubscribed by 414 times. The international tranche received institutional orders exceeding HK$100 billion, spanning sovereign and long-only funds from 15 countries.

Strategic Foundation: Shifting from 'Hardware-Defined' to 'AI-Defined' Vehicles

Momenta stands at the intersection of a paradigm shift in the automotive industry, with its 'physical AI' emerging as a critical pathway for the real-world implementation of next-generation autonomous driving.