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Momenta jumps as Stellantis JV deal to develop driver-assistance tech lifts stock 2.1%

Momenta Global rose 2.1% to HK$154, extending a move after agreeing with a Stellantis joint venture to develop advanced driver-assistance technology.

STLAM.MI.HSI.HSTECH6880.HK

1% to HK$154, putting the stock on course for its biggest one-day gain since September 18. The Chinese autonomous driving solutions provider said on Monday it has agreed to work with a Stellantis joint venture to develop advanced driver-assistance technology, adding Jeep and Peugeot to its roster of global brands. The stock is set to end six straight sessions of declines. 60 apiece offer price.

8% year to date.