Momenta to Ride China's Driver-Assist Tech, Robotaxi Growth

Dow Jones09-25

0343 GMT - Momenta is poised to gain market share as China rapidly adopts advanced driver-assistance systems and the robotaxi and robovan market scales up, Citi analyst Jeff Chung says in a note. Citi estimates Momenta's share of the urban navigation-assisted driving market could rise to about 30% by 2030 from 12% in the first half of 2026. Momenta's net loss narrowed sharply in 1H, while its high gross margin and asset-light software licensing model support its earnings profile. The company secured 219 nominations from 26 automakers by mid-2026. Citi initiates coverage with a buy/high risk rating and an SOTP target price of 508.20 Hong Kong dollars. Shares are down nearly 2% at HK$161.20.

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