"Momenta applies for Hong Kong listing in secret, expected to go public this year."

It is reported that the smart driving solution provider Momenta has secretly submitted its prospectus to the Hong Kong Stock Exchange. According to multiple sources, Momenta's current primary market valuation has surpassed one trillion yuan, and it is actively pushing forward the listing process, planning to list on the Hong Kong Stock Exchange by 2026. According to the current regulatory arrangements, Momenta still needs to file with the International Department of the China Securities Regulatory Commission and obtain a filing notice, which is also a necessary condition for Chinese companies to conduct listing hearings on the Hong Kong stock market. There are currently no major Chinese companies in Hong Kong or the US stock market with a scale close to Momenta. Hong Kong-listed WeRide and US-listed Pony.ai are currently more like concept stocks in the Robotaxi industry. However, from our understanding, there are multiple domestic smart driving solution providers preparing to go public this year.