HK Stock Market Move | "Large Models Defining Chips" Gains Support from Multiple Automakers; Momenta-W (06880) Surges 6.5% in Midday Trading

On November 2, Momenta-W (06880) traded higher in the morning session. As of the midday break, it was at HK$137.6, up 6.50%, after touching an intraday high of HK$139. On the news front, around "large models defining chips," Momenta and strategic partner XHEART have recently disclosed a series of automaker partnerships and product upgrade progress. SAIC Motor Corporation stated in a post that it will work with XHEART on model adaptation and vehicle application collaboration around 700 TOPS large-model compute chips, and jointly target several-thousand-TOPS-level intelligent driving chips to support the deployment of higher-level autonomous driving. During the launch event, Gao Xinhua, Executive Vice President and CTO of CHERY AUTO, said chips need to anticipate the requirements of next-generation models in advance, and algorithm and chip companies should collaborate from the very beginning of R&D. Shenlong Technology has also chosen to adopt XHEART chips, and the two sides will cooperate on models for brands including Peugeot and Jeep, expanding into China, Europe and other global markets. In the same period, Roewe, MG and IM Motors successively released congratulatory posters co-signed with Momenta and XHEART, demonstrating automakers' support for the large-model chip and software-hardware collaboration route. On the product side, Momenta unveiled the R7 Ultra at its October 29 launch event. According to the company, with X7 Ultra support, the R7 Ultra's model parameter scale has expanded to 5 times the original, and safety performance has improved 5 times, driving the world model from "understanding the world" toward "simulating the world"; it subsequently plans to expand the parameter scale to 10 times the original and push safety performance to more than 10 times higher. Continuous expansion of automaker partnerships and upgrades in model capabilities together demonstrate the progress of "large models defining chips" from a technology route toward vehicle applications.