The U.S. automotive company General Motors invests $300 million in Momenta to push forward the development of next-generation self-driving technologies for future GM vehicles in China.
Momenta has pioneered a unique scalable path toward full autonomous driving by combining a data-driven approach to quickly iterate algorithms – its flywheel approach – as well as a “two-leg” product strategy focusing on both mass-production-ready highly autonomous driving solutions and a driving solution targeting full autonomy. Momenta’s vision is, in the next ten years, to save one million lives, save 100% driving time, and double the logistics and mobility efficiency.
General Motors is investing aggressively in a comprehensive and highly-integrated plan to lead the transformation to a more sustainable future, guided by its vision of a world with zero crashes, zero emissions and zero congestion. The company focuses on advancing an all-electric future based on a Ultium battery platform which shall power everything from mass-market to high-performance vehicles.