- Momenta surpasses 1 million mass-production vehicle deployments for its intelligent driving systems.
- Momenta claims 65% share of third-party urban NOA market and design wins across 210+ vehicle models.
- Momenta heads to a Hong Kong IPO targeting HK$5.89 billion with nearly HK$70 billion implied valuation.
On July 7, physical AI company Momenta announced that vehicles equipped with its intelligent driving solutions have surpassed 1 million units in cumulative mass production deployment.
The milestone reflects years of efforts by Momenta to advance commercial deployment programs with automakers.
The company has established partnerships with nine of the world’s top 10 automotive groups.
Its production-ready solutions have been deployed across more than 10 countries and regions in Asia, Europe and Oceania. Momenta has secured design wins for more than 210 vehicle models.
Its customer portfolio includes leading global and Chinese automakers such as Toyota, Mercedes-Benz, SAIC Motor, General Motors, BYD and Audi.
As competition in intelligent driving intensifies, production scale has become a key dividing line among technology suppliers.
According to data from CIC, Momenta held a 65% share of the third-party urban NOA solution market between March 2025 and February 2026, ranking first among suppliers.
Beyond conventional driver assistance solutions, Momenta has also been advancing a model-based development approach.
In April, the company launched its R7 World Model, integrating world model capabilities into the training process of autonomous driving foundation models.
This model has been put into mass-production applications and made its debut on SAIC Volkswagen’s ID. ERA 9X model.
The announcement of its 1 million-vehicle deployment milestone comes as Momenta accelerates its capital market plans.
In June, the company received approval from the China Securities Regulatory Commission for an overseas listing and launched its Hong Kong IPO later, with a maximum fundraising target of HK$5.89 billion ($750 million).
Momenta is scheduled to begin trading on the Hong Kong Stock Exchange on July 8, with an implied market capitalization of nearly HK$70 billion ($8.9 billion).
The IPO has attracted strong support from industrial investors.
Fourteen cornerstone investors have subscribed for approximately $376 million worth of shares, accounting for nearly half of the offering size.
Ahead of the listing, SAIC Motor holds approximately 9.45% of Momenta, General Motors owns about 9.37%, and Mercedes-Benz holds around 6.39%.
Other automakers including Toyota, BYD, Chery and Hyundai have also invested in the company.
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