This article only represents the author's own views.

Self-driving tech company Momenta Global Ltd. likes to tout a dual strategy that focuses on both mass-market Advanced Driver Assistance Systems (ADAS), as well as fully autonomous driving solutions. It claims such an approach, which it calls its "flywheel" strategy, allows it to generate revenue from current ADAS solutions while also gathering crucial data to develop more advanced autonomous driving systems for the future.

The company could soon find out if investors share its enthusiasm for that strategy as it mounts its own drive for an overseas IPO. That campaign took a significant step forward last week when the China Securities Regulatory Commission (CSRC) approved Momenta’s application for an IPO on either the Nasdaq or New York Stock Exchange. The company intends to issue up to 63 million ordinary shares.