On July 22, MOMENTA-W rose 3.53% in regular trading, trading at HK$280.6 per share, with turnover of HK$171,800. The rally follows continued market enthusiasm over the company's announcement on the previous trading day that it has officially obtained a Shenzhen intelligent connected vehicle road testing permit to conduct L4-level Robotaxi field testing.

The Shenzhen permit marks the latest geographic expansion for Momenta's autonomous driving testing operations, following earlier permits secured in Shanghai, Suzhou, and Wuxi. Additionally, Xiangdao Mobility recently announced the launch of an SAIC Robotaxi mass-production customized vehicle project equipped with Momenta's L4 autonomous driving system, with plans to debut in 2027. UBS previously initiated coverage with a Buy rating and a HK$360 target price, projecting annual installations to grow from 51,000 units to 2.5 million units by 2028.

MOMENTA-W is a leading autonomous driving company, ranking first globally among all independent intelligent driving solution providers by city NOA deployment volume. The company is currently in the early stages of deploying L3/L4-level autonomous driving solutions and continues to advance toward higher levels of automation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)