HK Stock Market Move | MOMENTA-W (06880) surged more than 10% in early trading as ETCP started the production of customized Robotaxi vehicles for SAIC.

MOMENTA-W (06880) rose more than 10% in early trading, rising 4.67% to HK$273.6 as of the time of writing, with a turnover of HK$1373.04 million. On the news front, on July 20th, SAIC Motor Corporation's mobile travel brand Xiangdao Travel officially released the SAIC Robotaxi mass customization vehicle project. The project has entered a substantive implementation stage, and the exclusive Robotaxi mass production model is scheduled to be officially unveiled in 2027. It is reported that in May 2025, Xiangdao Robotaxi and Momenta launched a strategic cooperation and launched an L4-level Robotaxi fleet based on mass production definitions and scalable operations in Pudong, Shanghai. UBS released a research report stating that Momenta covers the widest range of OEMs in the industry, and its asset-light business model combined with strong revenue growth is expected to provide operational leverage for the company to generate high-profit margins, thereby supporting a higher market-to-sales valuation. With rapid technological upgrades and cost reductions, as well as the expansion of coverage in the automotive sector, an increase in vehicle installations, and the promotion of Robotaxi and Robovan businesses, it is anticipated that Momenta's revenue compound annual growth rate between 2025 and 2030 will be around 50%, and it may achieve a balanced budget in 2028.