BEIJING, Sept 23 (Reuters): General Motors Co said on Thursday it will invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China, its first such tie-up in the world's biggest car market.
The Momentum was among the few companies that held a permit for gathering high-definition maps in China, a key tool in autonomous driving technologies. It is working with automakers to develop mass-production vehicles with self-driving functions to gather real-time data.
The company is also backed by SAIC Motor, GM's main Chinese partner, as well as Toyota Motor and Daimler AG.
"Customers in China are embracing electrification and advanced self-driving technology faster than anywhere else in the world.
GM invests in Chinese startup Momenta
FE Team | Published: September 23, 2021 22:28:07
GM invests in Chinese startup Momenta
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