Reported about 5 hours ago
Mercedes-Benz is set to collaborate with the Chinese autonomous driving startup Momenta, integrating its software into at least four upcoming models to regain market share in China. This partnership marks the first time a Chinese supplier will provide key technology for Mercedes. The German automaker plans to invest $75 million in Momenta and is considering using its technology in additional models beyond 2027. Amidst fierce competition from local automakers like Tesla and Nio, Mercedes aims to enhance its presence in the electric vehicle and autonomous driving sectors.
Source: YAHOO