https://www.msn.com/en-us/money/other/chinese-autonomous-driving-unicorn-targets-1-billion-hong-kong-ipo/ar-AA260TlM

Lookout Tesla.

Quote:

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Chinese autonomous-driving company Momenta's valuation has reached around $9 billion as it gears up to list in Hong Kong, people familiar with the matter said.

General Motors-backed Momenta is set to raise about $1 billion via the initial public offering, the people said.
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Momenta describes itself as building the "brain" for autonomous vehicles, and sells driving assistance solutions to carmakers. It has partnerships with ride-hailing giant Uber and Mercedes-Benz Group on robotaxis, in Munich and Abu Dhabi respectively.

In Southeast Asia, it has teamed up with Grab-one of the region's biggest ride-hailing and delivery firms-to expand its business.

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They'll do self driving cars cheaper. Safer? TBD. But self driving is coming for the masses, not just Tesla drivers. GM is a backer.

BTKAG97 said:

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Safer? China? The KING of shortcuts and shoddy, subpar materials? Yeah, okay.

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You haven't kept up with China have you?

I hate it but they have ready come a very long way

GAC06 said:

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I LOVE my Tesla.

You're fast, and I read the responses wrong

That is so bold.

I would trust AI with lots of things, but no way would I trust it to set the offering price or to secure pre-IPO placements.

The company is Chinese so we can totally trust it.

ts5641 said:

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The company is Chinese so we can totally trust it.

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Yup. We'll see. That's why I said "TBD."

BTKAG97 said:

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Safer? China? The KING of shortcuts and shoddy, subpar materials? Yeah, okay.

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I hear they have self flying missiles too.

China's Rotten Electric Cars are a SCAM - Fields of TRASH no one wants

Theyre dangerous. Theyre not selling well. Buy at your own risk.

WestAustinAg said:

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China's Rotten Electric Cars are a SCAM - Fields of TRASH no one wants

Theyre dangerous. Theyre not selling well. Buy at your own risk.

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The cars? Or the FSD? Presumably we're looking at the FSD imported to GM and Mercedes vehicles, maybe others.

The batteries of the EV's are catching fire. Hundreds of cars in a parking lot going up in flames in China. FSD doesn't work well. They can't even trust that the airbags will deploy.

These cars will sell in the US if Trump lowers the import fees but still then I expect only Nissan buyers will be the ones who are buying Chinese imports.

I don't think anyone's interested in importing the cars here, except maybe the Chi-coms.

WestAustinAg said:

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The batteries of the EV's are catching fire. Hundreds of cars in a parking lot going up in flames in China. FSD doesn't work well. They can't even trust that the airbags will deploy.

These cars will sell in the US if Trump lowers the import fees but still then I expect only Nissan buyers will be the ones who are buying Chinese imports.

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These cars do not belong here. They're a national security nightmare with all of the sensors, cameras, radios, and phone home to the Chinese govt. I'm shocked every time I see a BYD that came in from Mexico. If they can't be sold here, they shouldn't be allowed across the border.

There are plenty of idiots clamoring for their cheap electric cars. The national security issues are real and shouldn't be underestimated.

txyaloo said:

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WestAustinAg said:

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The batteries of the EV's are catching fire. Hundreds of cars in a parking lot going up in flames in China. FSD doesn't work well. They can't even trust that the airbags will deploy.

These cars will sell in the US if Trump lowers the import fees but still then I expect only Nissan buyers will be the ones who are buying Chinese imports.

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These cars do not belong here. They're a national security nightmare with all of the sensors, cameras, radios, and phone home to the Chinese govt. I'm shocked every time I see a BYD that came in from Mexico. If they can't be sold here, they shouldn't be allowed across the border.

There are plenty of idiots clamoring for their cheap electric cars. The national security issues are real and shouldn't be underestimated.

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Right on. In one of the EV threads we noted China has an office that does nothing but monitor their EVs.

Let's hope GM can keep that out of their FSD they're going to import.

Disoriented FSD imports does not sound like a good idea.

The IPO is not driven by market trends?

Ho Lee Fook

FatZilla said:

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They can't do any worse than Asian women.

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I sent that to an Asian lady I work with. She always makes fun of Asian women driving. She posted it on our company slack. Let's see how this plays out Cotton.

HR would like a word.

techno-ag said:

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HR would like a word.

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Yeah I'm just and waiting for the world to burn

Why are we allowing Chinese auto-driving cars in the US?