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GM to Invest $300 Million in China’s Self-Driving Firm Momenta

By
Shai Oster
· · Source: Reuters

GM said it will invest $300 million into autonomous driving technology firm Momenta, the first time the American carmaker has put money into self-driving tech in China, where foreign firms face restrictions such as limits on mapping technology. GM produces cars with local partners, including SAIC, which also backs Momenta, which is one of the few firms that has a permit for making...

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