Chinese automaker GAC partners with Momenta on automated driving software

Quick Summary:

Aion, the electric vehicle unit of Chinese automaker GAC Group, has partnered with Momenta for the supply of a Level 2+ advanced driver assistance system, a major client win for the autonomous vehicle startup after previous deals with auto majors including BYD.

Eight-year-old Momenta, headquartered in the eastern Chinese city of Suzhou, in June received approval for a public listing on Nasdaq from the China Securities Regulatory Commission.

The all-new Aion V crossover, Aion’s first global model presented at the ongoing 2024 Paris Motor Show, will incorporate Momenta’s artificial intelligence algorithms, and its parent is targeting 500,000 overseas sales by 2030.

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Article Details

Category: Technology

Markets: China

Topics: Tech Major Industry Chinese Inbox Including Toyota Vehicle Momenta China Aion

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 07:50:29 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: technode.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © TechNode

News ID: 23099836

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