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China self-driving startup wins US$300 million from GM

September 30, 2021
Source: seanews.com.tr seanews.com.tr
News Snapshot:
The deal is GM's first involvement in autonomous driving in the world's biggest car market. Momenta is among the few companies that hold a permit for gathering high-definition maps information 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. Said GM China chief Julian Blissett: 'Customers in China are embracing electrification and advanced self-driving technology faster than anywhere else in the world, and the agreement...
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Tags: agreement | car | China | Chinese | Daimler | data | IT | motor | production | SAIC | SAIC Motor | startup | technology | Toyota | Turkey

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