GM invests $300M in China's self-driving car company Momenta
This picture supplied by Basic Motors reveals the GM Brand. Basic Motors is investing $300 million in China’s self-driving automobile firm Momenta. GM stated Thursday, Sept. 23, 2021 that the funding will pace up the event of next-generation self-driving applied sciences for its future automobiles in China. Credit score: Basic Motors by way of AP

Basic Motors is investing $300 million in China’s self-driving automobile firm Momenta.

GM stated Thursday that the funding will pace up the event of next-generation self-driving applied sciences in China. The transfer can be a part of a plan GM introduced three months in the past to speculate $35 billion in engineering and capital in electrical car and autonomous car know-how from 2020 to 2025.

“Along with GM, we’ll collectively spend money on autonomous car applied sciences to reinforce driving security, comfort and effectivity,” Momenta CEO Xudong Cao stated in a ready assertion.

GM this yr is making a tough push into new applied sciences, even scrapping its previous sq. blue brand for a decrease case gm surrounded by rounded corners and an ‘m’ that appears like {an electrical} plug.

It has set a objective of creating the overwhelming majority of the automobiles it produces electrical by 2035, and the whole firm carbon impartial, together with operations, 5 years after that. It is partnered with Microsoft with hopes of accelerating its rollout of electrical, self-driving automobiles.


GM groups up with Microsoft on driverless automobiles


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