On November 5, Interface News learned that SAIC Motor Group's board of directors reviewed and passed the relevant bill to jointly fund the establishment of a joint venture with Momenta and Yandian Technology, with a registered capital of 300 million yuan to strengthen research and development of advanced intelligent driving technology. Among them, Momenta plans to pledge an investment of 153 million yuan, holding 51% of the shares; SAIC Motor Group plans to pledge an investment of 75 million yuan, holding 25% of the shares; and Yandian Technology plans to pledge an investment of 72 million yuan, holding 24% of the shares.

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