GM invests $300 million in Chinese autonomous driving startup Momenta

#General Motors, #GM, #Momenta, #World News

No. 8 General Motors | Amount raised – $15.8 billion | Date of IPO – November 2010. (Image: Reuters)

U.S. automaker General Motors Co said on Thursday that it would invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China.

In China, the world’s biggest car market, GM is making vehicles with SAIC Motor, which has also invested in Momenta. Momenta, which holds a permit for gathering high-definition maps in China, is also backed by Toyota Motor and Daimler AG.

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