Momenta develops Level 4 autonomous delivery robots ahead of potential US public listing
Momenta, backed by major automakers, dominates China's City NOA market and plans a US IPO
Chinese self-driving technology company Momenta, known as a unicorn in the industry, is reportedly forming a team to develop Level 4 autonomous delivery robots to potentially boost its valuation ahead of a possible public listing. Momenta is supported by major automakers such as Toyota, General Motors and Mercedes-Benz. According to market intelligence firm Shujubang, Momenta holds more than 60% of the City NOA (navigation on ADAS) market segment in China.
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