Smart driving solution provider Momenta has confidentially submitted a listing application to the Hong Kong Stock Exchange and plans to complete its IPO within 2026, according to a Chinese media citing people familiar with the matter. Sources said the company is targeting a valuation exceeding RMB 100 billion ($14.5 billion) and is actively advancing listing procedures. It includes filing with the international department of the China Securities Regulatory Commission and obtaining the required filing notice, a prerequisite for a Hong Kong listing hearing. A robotaxi powered by Momenta Momenta had previously filed for an IPO in the United States in 2024, but progress was constrained by market conditions. The company subsequently shifted its listing venue from New York to Hong Kong. As a leading supplier of advanced autonomous driving solutions, Momenta has established partnerships with a wide range of global automakers. These encompass Mercedes-Benz, BMW, Audi, Toyota, Volkswagen, General Motors, Honda, BYD, Chery and Dongfeng Nissan. Mercedes-Benz S-Class powered by Momenta In recent years, Momenta has secured strategic investments from multiple industry players, including SAIC Motor, General Motors, Mercedes-Benz, Toyota and Bosch. Recent technology developments have also accelerated. In mid-March, Momenta announced at the SAIC Volkswagen ID.ERA technology event that it will launch its reinforcement learning world model R7, which will make its global debut on the upcoming flagship SUV ID. ERA 9X. SAIC VW SUV ID. ERA 9X Shortly thereafter, Momenta partnered with IM Motors to launch IM AD ZETA, powered by Momenta’s reinforcement learning foundation model and built on the high-compute Thor platform, targeting L4 autonomous driving capabilities. From a business perspective, Momenta has secured design wins for more than 170 vehicle models, with nearly 70 models already in mass production and cumulative installations exceeding 700,000 units. Beyond China, its autonomous driving solutions have expanded into more than 10 overseas markets, including the United Kingdom, Norway, Australia, the United Arab Emirates and Thailand.