Mercedes-Benz invests $75 million in Chinese firm Momenta to advance its autonomous driving technology.

Mercedes-Benz plans to invest $75 million in Chinese autonomous-driving startup Momenta, aiming to use its software in at least four future models starting in 2025. This move positions Momenta as the first Chinese technology provider for Mercedes and is part of the company's strategy to regain market share in China, where it lags behind in electric vehicles and smart-driving software. Mercedes is also exploring the possibility of using Momenta's tech in non-Chinese models and has a partnership with Nvidia for autonomous driving systems.

November 29, 2024
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