Changes in Hong Kong stocks | MOMENTA-W (06880) rose more than 8% “L2 feeds back L4” flywheel mechanism successfully realized R7 deployment will enter the large-scale deployment stage

The Zhitong Finance App learned that MOMENTA-W (06880) rose more than 8%. As of press release, it had risen 8.85% to HK$183.2, with a turnover of HK$18.1147 million.

According to the news, recently, Dongwu Securities's Huang Xili team covered MOMENTA-W for the first time and gave it a “buy” rating. According to the report, Momenta uses the R7 world model as the physical AI base to jointly drive model iteration through a closed loop of mass production vehicle data and a closed loop of L4 operation to build a physical AI platform that can be reused across models, OEMs, and scenarios. Huang Xili's team believes that the company's ability to verify the mature R7 world model on the mass production side will be directly transferred to the L4 scenario, which is the most direct implementation of the “L2 feeds back L4” flywheel mechanism so far, and is also the root cause of the company's generational differences in iterative efficiency compared to pure L4 players.

It is worth mentioning that MOMENTA-W has become the “greatest common denominator” of mainstream car companies across Japan, Europe, South Korea, and the US, and has steadily ranked first in the NOA market in third party cities in China with a sales share of about 65%. The “data flywheel” effect drove its qualitative transformation to a large-scale software licensing platform. Marginal delivery costs declined rapidly, and R7 deployment also entered the large-scale deployment stage in the second half of 2026. Furthermore, the NOA penetration rate in the company's cities is expected to rise rapidly, and the commercialization of L3 smart driving in China is expected to be officially implemented after 2027.