Hong Kong Stock Exchange Archives - Auto Global News

Momenta, a Chinese autonomous driving startup founded in 2016 and headquartered in Suzhou since March 2019, has confidentially filed for an initial public offering (IPO) in Hong Kong. The company is known for its work with international automakers like Mercedes-Benz, BMW, Audi, Toyota, and Nissan.Key TakeawaysMomenta files confidentially for a Hong Kong IPO after dropping plans to list in New York due to US-China tensions.The company has raised strategic investments from major automakers such as SAIC Motor, General Motors, and Toyota.Sources say the offering size and timeline remain unclear at this stage.Momenta's decision to list in Hong Kong reflects a growing trend among Chinese tech firms looking for more stable investment environments amid geopolitical tensions. The company has been q...

Avatr, a premium electric vehicle (EV) brand jointly established by Changan Automobile, Huawei, and CATL, has filed for an initial public offering in Hong Kong. The filing was made on the Hong Kong Stock Exchange with CITIC Securities and CICC as joint sponsors.Key TakeawaysAvatr reported revenue of RMB 12.2 billion ($1.7 billion) in the first half of 2025, a 98.5 percent year-on-year increase.The brand's vehicle sales contributed RMB 11.5 billion to its revenue, while other businesses such as assisted driving solutions and after-sales services added RMB 718 million.Avatr aims for global sales of 400,000 units by the end of 2026, with plans to list on the Hong Kong stock market in the second quarter of 2026.In the first half of 2025, Avatr's revenue surged to RMB 12.2 billion ($1.7 billion...

Tag: Hong Kong Stock Exchange

Chinese Autonomous Startup Momenta Files for Hong Kong IPO, Shifting from NY Plans

Changan EV Unit Avatr Files for Hong Kong IPO