According to two individuals with inside knowledge of the situation, Momenta, a Chinese company dedicated to the research and development of autonomous driving technology, has confidentially filed an application for an initial public offering (IPO) with the Hong Kong Stock Exchange. Initially, Momenta had intended to list its shares in New York. However, due to the mounting tensions between China and the United States, coupled with the expiration of its U.S. listing approval permit in June of this year, the company scrapped its plans for a U.S. public listing. Instead, it opted to go public in Hong Kong, a prominent financial hub in Asia. At present, both the funding amount and the timeline for the Hong Kong IPO remain undecided. As a supplier of advanced driver assistance systems (ADAS), Momenta's technology allows for navigation on urban roads under the supervision of drivers, and this technology has already been implemented by several automotive companies.