Toyota-backed Chinese self-driving unicorn Momenta hits Hong Kong market

Startup with 9 of world's top 10 carmakers as clients raises over $750m in IPO A Momenta robotaxi is displayed at the booth of the Chinese autonomous driving startup at the Auto Shanghai show in April 2025. © Reuters HONG KONG — Shares of Chinese self-driving startup Momenta opened up nearly 2% on their debut in Hong Kong on Wednesday, as investors weighed hopes that its technology will define the future of autonomous vehicles against worries about profitability.

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