GM invests $300M in China's self-driving car company Momenta

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GM invests $300M successful  China's self-driving car   institution  Momenta This representation provided by General Motors shows the GM Logo. General Motors is investing $300 cardinal successful China's self-driving car institution Momenta. GM said Thursday, Sept. 23, 2021 that the concern volition velocity up the improvement of next-generation self-driving technologies for its aboriginal vehicles successful China. Credit: General Motors via AP

General Motors is investing $300 cardinal successful China's self-driving car institution Momenta.

GM said Thursday that the concern volition velocity up the improvement of next-generation self-driving technologies successful China. The determination is besides portion of a program GM announced 3 months agone to put $35 cardinal successful engineering and superior successful electrical conveyance and autonomous conveyance from 2020 to 2025.

"Together with GM, we volition jointly put successful autonomous conveyance technologies to heighten driving safety, convenience and efficiency," Momenta CEO Xudong Cao said successful a prepared statement.

GM this twelvemonth is making a hard propulsion into caller technologies, adjacent scrapping its aged quadrate bluish logo for a little lawsuit gm surrounded by rounded corners and an 'm' that looks similar an .

It has acceptable a extremity of making the immense bulk of the vehicles it produces electrical by 2035, and the full institution c neutral, including operations, 5 years aft that. It's partnered with Microsoft with hopes of accelerating its rollout of electric, self-driving cars.



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