HK Stock Market Move | MOMENTA-W (06880) Rises Over 6% in Morning Session; Company to Develop Advanced Intelligent Driving Assistance Systems for Peugeot and Jeep Models

MOMENTA-W (06880) rose over 6% in the morning session. As of press time, it 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, under which the two parties will jointly develop an advanced intelligent driving assistance system for all-new mass-production models of Peugeot and Jeep based on Momenta's R7 world model. Shenlong Technology is 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. The collaboration will also expand Momenta's business footprint among overseas automakers, opening a new path for its technology to go global by leveraging the automakers' global sales networks.