General Motors (NYSE: GM) reported a planned investment of USD 300 Million in Momenta to push the development of the next generation of self-driving technologies for future GM vehicles in China. “Customers in China are embracing electrification and advanced self-driving technology faster than anywhere else in the world, and the agreement between GM and Momenta will accelerate our deployment of next-generation solutions tailor-made for our consumers in China,” said Julian Blissett, executive vice president of General Motors and president of GM China.
“Momenta is committed to developing breakthrough artificial intelligence solutions to push beyond the frontier of possibilities today and significantly improve personal mobility experiences. Together with GM, we will jointly invest in autonomous vehicle technologies to enhance driving safety, convenience and efficiency,” said Xudong Cao, CEO of Momenta.
GM continues to invest in a more sustainable future with a vision of a world with zero crashes, zero congestion and zero emissions. Previously in June GM reported a USD 35 Billion investment in engineering and capital in EV and AV technology from 2020 to 2025. The company continues to enunciate this by working with companies all over the glove such as Momenta to increase its technology capabilities.