GM Going to Invest $ 300 Million in Momenta Which is a Self-Driving Car Startup

GM announced that it has invested $ 300 million in Chinese autonomous driving startup Momenta, which will help the company accelerate the development of autonomous driving technologies for future GM vehicles in China. Momenta was founded in 2016 and is located in Beijing. The company positions itself as a Tier 2 software provider, developing solutions for Tier 1 vendors and OEMs, adding autonomous capabilities to its models. GM envisions a world without accidents, zero emissions, and zero congestion. To achieve these three goals, GM will need advanced autonomous driving technology capable of preventing accidents, becoming an electric vehicle manufacturer like Tesla, and developing autonomous vehicles for commercial mobility services.