Momenta, Tesla's Competitor in China, Plans to Skip New York for Hong Kong IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
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Source: TipRanks
IPO Plans Shift: Chinese autonomous driving company Momenta is considering launching its IPO in Hong Kong instead of New York due to rising U.S.-China tensions, with a potential listing in 2026 still in early planning stages.
Company Denial: Momenta has denied reports of informing investors about a confirmed plan for the Hong Kong listing, emphasizing that details regarding the IPO timeline and valuation remain unfinalized.
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About TM
Toyota Motor Corp is a Japan-based company mainly engaged in the automotive business, as well as financial services and other businesses. It operates through three business segments. The Automotive segment designs, manufactures, and sells automobiles, including sedans, minivans, compact cars, sport utility vehicles (SUVs), and trucks, as well as related parts and accessories. The Financial Services segment provides financing and vehicle leasing services to complement the sales of automobiles and other products manufactured by itself and its affiliates. The Other segment engages in information and communications services. It also oversees manufacturing and sales companies, conducts public relations and research activities, oversees financial companies, and develops various mobility products, primarily software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
