The Zhitong Finance App learned that MOMENTA-W (06880) rose more than 6% in the morning. As of press release, it rose 6.31% to HK$161.7, with a turnover of HK$16.418 million.

According to the news, Momenta recently announced that it has reached a global strategic cooperation with Citroen Technology. The two sides will jointly develop advanced intelligent driving assistance systems for new mass-produced Peugeot and Jeep® models based on the Momenta R7 world model. Citroen Technology was jointly formed by Dongfeng Motor Group, Stellantis and other partners.

According to the agreement, Momenta will participate in product definition and in-depth joint development of new Peugeot and Jeep models to create a high-end smart driving experience that matches the brand's genes. This partnership will also expand Momenta's business footprint in the overseas car company camp and open up a new path for its technology to go overseas using the car companies' global sales networks.

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