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Changes in Hong Kong stocks | MOMENTA-W (06880) rose nearly 6% and reached a global strategic cooperation with Citroen Technology to export advanced intelligent driving assistance systems overseas
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The Zhitong Finance App learned that MOMENTA-W (06880) rose more than 6%. As of press release, it had risen 6.59% to HK$152, with a turnover of HK$11.04 million.

According to news, MOMENTA-W recently reached a global strategic cooperation with Shenlong Technology. Relying on the Momenta R7 world model, the two sides will jointly develop advanced intelligent driving assistance systems, equipped with new mass-produced Peugeot and Jeep models, which will land in China, Europe and other markets around the world to help mainstream brands under the Stellantis Group accelerate global intelligent transformation. Well-known investment banks, including Deutsche Bank and Bank of America Merrill Lynch, are optimistic about Momenta's cooperation with Stellantis, calling it a new growth channel for Momenta.

Deutsche Bank believes that this cooperation marks the integration of China's NOA technology into global model projects and is a key milestone. At the same time, it also highlights Momenta's new global path — exporting its advanced intelligent driving assistance systems to overseas markets through cooperation with global car brands. Notably, Momenta is further directly providing overseas market solutions to global automakers. Deutsche Bank said that if Momenta succeeds in the Citroen project, it may pave the way for it to further expand the scope of cooperation and become a broader supplier in Stellantis's global model product portfolio.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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