Announced
Financials
Sources
Tags
Cross Border
Auto Technology
self-driving technology
autonomous driving
China
Minority
Friendly
Private
Acquisition
Pending
Single Bidder
Synopsis
General Motors, a multinational firm that designs, manufactures, markets, and distributes vehicles and vehicle parts, agreed to invest $300m in Momenta, a developer of autonomous driving technology designed to improve efficiency. “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,” Julian Blissett, General Motors Executive Vice President and President of GM China.
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