Momenta Passes HKEX Listing Hearing

[Company Update] Momenta revealed that its revenue tripled over three years and achieved a gross margin of 71.6%, officially advancing toward its Hong Kong IPO.

Key Development: Mercedes-Benz and BYD Lead 14 Cornerstone Investors

Existing shareholders Mercedes-Benz and BYD have significantly increased their stakes again, joining a total of 14 cornerstone investors who subscribed for nearly HK$3 billion, highlighting strategic endorsement from industrial capital for Momenta’s “physical AI” approach.

Key Metrics: Revenue Grew from RMB 743 million to RMB 2.413 billion Over Three Years

As of the end of 2025, Momenta’s cumulative revenue reached RMB 4.5 billion, with gross margin rising to 71.6%. Adjusted losses narrowed from RMB 1.093 billion to RMB 303 million, and cash reserves exceeded RMB 10 billion.

Strategic Foundation: Mass Production Orders Cover 180 Vehicle Models, Partnering with 24 Global Automakers

Its intelligent driving solutions have been installed in over 733,000 units, with partners including Toyota, Volkswagen, General Motors, and SAIC Motor. Licensing revenue share surged from 3.1% to 40.1%, demonstrating significantly enhanced commercialization capabilities.