HONG KONG, July 8th, 2026 —— CIC extends our warmest congratulations to Momenta Global Limited (06880. HK) on its successful listing on the Main Board of the Hong Kong Stock Exchange (HKEX) today.
CIC's Collaborative Journey to the Listing
Throughout the listing process, CIC provided end-to-end support to the company and its sponsors:
Drafted and compiled the industry overview chapter of the prospectus, laying a solid reports foundation for the formal listing application.
Assisted in responding to inquiries from regulatory authorities, ensuring comprehensive and accurate disclosure.
Refined listing application materials continuously to meet stringent market and regulatory requirements.
Momenta: Global Leader in Independent Autonomous Driving Solutions
Founded in 2016, Momenta is a world-leading independent autonomous driving solutions provider focused on the research, development and commercialization of self-driving technologies. Leveraging deep expertise in artificial intelligence, autonomous driving algorithms and mass-production engineering, the company delivers safe, high-efficiency intelligent driving products for the passenger mobility and logistics sectors through continuous technological innovation.
The company operates two business lines:
Intelligent driving solutions for mass-production vehicles, focused on Level 2 advanced driver-assistance systems (ADAS), and in particular urban Navigate on Autopilot (urban NOA);
Robotaxi and autonomous logistics service solutions, covering passenger vehicle ADAS today and the fast-expanding unmanned mobility and freight markets of the future.
According to CIC reports, Momenta ranks as the world’s No.1 independent intelligent driving solutions provider on two key metrics: sales volume of vehicles equipped with urban NOA solutions in the 12 months ended February 28, 2026, and cumulative number of mass-production vehicle models fitted with urban NOA technology as of the same date.
Momenta secured 14 prominent domestic and international institutions as cornerstone investors for its Hong Kong IPO, including Singaporean sovereign wealth fund GIC; global asset managers BlackRock, Fidelity International, Oaktree Capital and Franklin Templeton; leading Chinese investment firms Gao Yi Asset Management and Boyu Capital; and strategic industrial investors Mercedes-Benz and BYD. The high-profile cornerstone lineup underscores broad confidence among global long-term capital and industry stakeholders in Momenta’s technological strengths and long-term growth trajectory.
Global & China Mass-Production Intelligent Driving Market Outlook
The global autonomous driving industry is undergoing a fundamental paradigm shift, mirroring the historic transition from feature phones to smartphones. As L2 highway and urban NOA technology reaches commercial maturity, the mass rollout of urban NOA marks a definitive inflection point for the sector: it delivers step-change improvements in driving experience, and accelerates the industry’s evolution from basic driver assistance to higher levels of automation.
An expanding share of mass-production vehicles are now equipped with L2 highway NOA, L2 urban NOA and higher-level systems, driving rapid growth in the overall market.
In 2025, the global and China markets reached approximately USD 16.5 billion and USD 10.4 billion respectively.
In 2026, the markets are projected to grow 31.7% and 38.0% year-on-year to around USD 21.8 billion and USD 14.4 billion, driven by the large-scale deployment of urban NOA and L3 functionalities. As these features penetrate a wider range of vehicle models, the per-vehicle value of intelligent driving systems continues to rise.
By 2030, the global and China markets for L2+ intelligent driving systems in mass-production vehicles are forecast to reach USD 70.3 billion and USD 38.6 billion respectively, representing a compound annual growth rate (CAGR) of 33.5% and 29.9% from 2025 to 2030.
Three key drivers underpinning sustained expansion of the global and China mass-production intelligent driving market:
Consumer demand elevates ADAS to a core purchase priority Urban and highway NOA are evolving from premium optional features to standard core vehicle configurations. Their proven ability to improve driving convenience and safety has made them a decisive factor in consumer car-buying decisions, pushing automakers to accelerate the popularization and penetration of these functions across their product lineups.
Technical advances lift performance and cost efficiency Continuous upgrades to core algorithms and model architectures have significantly strengthened the perception and decision-making capabilities of autonomous driving systems in complex urban traffic scenarios. Meanwhile, economies of scale from mass deployment have improved cost efficiency, accelerating commercial adoption across price segments.
Policy support advances high-level autonomous driving commercialization China and other major global markets continue to refine autonomous driving regulations, market access frameworks and liability identification systems, creating a more enabling environment for the testing, operation and large-scale rollout of L3 and higher-level autonomous driving functions.
Global & China Robotaxi Service Market Outlook
According to CIC, both the global and China robotaxi operation markets were valued at approximately USD 0.1 billion in 2025. By 2030, as early pilot programs scale into full commercial networks, the markets are expected to expand to USD 81.8 billion globally and USD 38.1 billion in China. By that year, robotaxis are projected to reach a penetration rate of 5.7% in the global taxi market and 11.9% in China’s domestic taxi market.
As a seasoned Industry Consultant, CIC offers services such as market sizing, competitive analysis, and enterprise value verification, etc., with global experience in enabling "first-in-sector" IPOs in autonomous driving, embodied intelligence and deep tech sectors.
From IPO preparation to listing hearings, CIC unearths the true intrinsic value of enterprises and translates it into actionable insights for successful capital market landing. Prior to Momenta, CIC has supported leading enterprises in successful listings both domestically and overseas, including Horizon Robotics (09660. HK), WeRide (00800. HK), Geek+ (02590. HK), SEER (06106. HK) and Yuejiang Robotics (02432. HK).
CIC Reports are now available on Bloomberg and FactSet portals.
About CIC
CIC is a professional consulting firm offering tailored end-to-end support across the full investment and financing lifecycle. The firm boasts a world-leading track record in guiding landmark first-in-sector IPOs across global markets, alongside unrivaled reach and in-depth coverage capabilities across specialized niche market segments.
CIC helps enterprises refine scalable business models and craft compelling capital narratives to enable seamless access to global capital markets, while serving as a trusted due diligence partner to investment institutions. It delivers granular industry insights and direct access to subject matter experts, empowering clients to identify high-value opportunities and mitigate critical risks effectively.
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