SAIC Motor plans autonomous driving R&D joint venture with Yandian Technology and MomentaMachine translation
上汽集团拟与延电科技、Momenta设立智驾研发合资公司
SAIC Motor announced that its board had approved a plan to form a joint venture with Yandian Technology and Momenta to strengthen advanced driving technology R&D. The proposed company would have registered capital of RMB 300 million, with planned stakes of 51%, 25% and 24%, respectively. Its name has yet to be decided.
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