Chinese autonomous‑driving unicorn Momenta is preparing a Hong Kong IPO that could raise roughly $1 billion. Backed by General Motors, Toyota and SAIC Motor, the Suzhou‑based firm now values near $9 billion after a series of strategic partnerships. The move follows a surge in Chinese AI‑mobility funding.

Momenta sells advanced driver‑assistance systems to OEMs and has secured deals with Uber for robotaxi services in Munich, and with Mercedes‑Benz Group in Abu Dhabi. In Southeast Asia, a partnership with Grab opens door to ride‑hailing and delivery fleets. The deals also feed data for algorithm training.

The Hong Kong listing will test investor appetite for Chinese AI‑driven mobility firms amid tightening U.S. export controls on semiconductor tech. Success could unlock capital for further R&D and cement Momenta’s role in the global robotaxi race. Investors will watch price discovery closely.