Hong Kong Stock Movers: MOMENTA-W (06880) Rises Nearly 6% on Global Strategic Partnership with Dongfeng Peugeot Citroen, Exporting Advanced Intelligent Driving System Overseas

Stock News10-12

According to reports, MOMENTA-W (06880) surged over 6%, reaching 6.59% as of press time, trading at HK$152 with a turnover of HK$11.0154 million.

On the news front, MOMENTA-W recently entered into a global strategic partnership with Dongfeng Peugeot Citroen Automobile. Leveraging the Momenta R7 world model, the two parties will jointly develop an advanced intelligent driving assistance system to be equipped on new mass-production models of Peugeot and Jeep, targeting China, Europe, and other global markets, thereby accelerating the global intelligent transformation of mainstream brands under the Stellantis Group.

Renowned investment banks including Deutsche Bank and Bank of America Merrill Lynch are bullish on the collaboration between Momenta and Stellantis, describing it as opening a new growth channel for Momenta. Deutsche Bank believes this partnership marks a key milestone, signifying that Chinese NOA technology has been integrated into global vehicle programs.

At the same time, it highlights a new globalization path for Momenta — exporting its advanced intelligent driving assistance system to overseas markets through partnerships with global automotive brands. Notably, Momenta is further advancing its efforts to directly provide overseas market solutions to global automakers. Deutsche Bank stated that if Momenta succeeds in the Dongfeng Peugeot Citroen project, it could pave the way for further expanding its scope of cooperation and becoming a broader supplier within Stellantis' global vehicle product portfolio.

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