MOMENTA-W (06880) Surges Over 6% in Morning Trading as Company to Develop Advanced Intelligent Driving Assistance Systems for Peugeot and Jeep Models

Stock News10-14

MOMENTA-W (06880) shares rose more than 6% in morning trading. As of press time, the stock was up 6.31% at HK$161.7, with a turnover of HK$16.418 million.

On the news front, Momenta recently announced a global strategic partnership with Shenlong Technology. The two parties will jointly develop advanced intelligent driving assistance systems for all-new mass-production models of Peugeot and Jeep®, based on the Momenta R7 world model.

Shenlong Technology was jointly established by Dongfeng Motor Group, Stellantis, and other partners.

Under the agreement, Momenta will participate in product definition and deep joint development for the all-new Peugeot and Jeep models, creating an advanced intelligent driving experience that aligns with the brands' DNA.

This collaboration will also expand Momenta's business footprint among overseas automakers, leveraging their global sales networks to open up new pathways for its technology to go global.

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