Core Viewpoint - Momenta, a Chinese autonomous driving developer, is considering shifting its IPO from New York to Hong Kong amid rising U.S.-China tensions and after the expiration of its U.S. listing approval [1][6]. Company Overview - Momenta is a leading supplier of advanced driving assistance systems, similar to Tesla's self-driving technology, capable of navigating urban traffic under human supervision [2]. - The company is backed by notable investors including Toyota Motor and Bosch, and is nearing completion of a pre-IPO fundraising round [3]. IPO Plans - Momenta has informed some investors about a potential Hong Kong listing in 2026, although this plan is still in the early stages and subject to change [2][3]. - Details regarding the IPO, such as timeline, offering size, and valuation, have not yet been finalized [3]. Company Statements - Momenta has stated that no final decision has been made regarding its IPO plans or listing venue, and claims that reports of a confirmed Hong Kong listing in 2026 are untrue [4]. - The company has not announced or confirmed any pre-IPO fundraising round or its participants [4]. Market Context - The shift in listing venue reflects Hong Kong's growing status as a primary offshore fundraising location for Chinese companies, especially in light of U.S. lawmakers' threats to delist Chinese firms from American exchanges [5][6]. - Heightened trade tensions between China and the U.S. have led to an increasing number of Chinese companies favoring Hong Kong for their listings over the past year [6].