- The proposal targets advanced driving-technology research; the company's name remains undecided.
- Momenta would hold 51%, with SAIC and 延电科技 holding 25% and 24% respectively.
A proposed research venture
SAIC announced on November 5 that its board had approved a proposal to establish a joint venture with Momenta and 延电科技, according to IT Home. The stated purpose is to strengthen advanced driving-technology research and improve the competitiveness of SAIC's vehicles in global markets.
The planned company, whose name remains undecided, would have registered capital of 300 million yuan. Momenta would subscribe 153 million yuan for a 51% holding; SAIC would contribute 75 million yuan for 25%, and 延电科技 would contribute 72 million yuan for 24%.
Building on an existing relationship
IT Home describes an existing collaboration between SAIC and Momenta, including their jointly developed IM AD assisted-driving system. The proposed venture adds a new corporate structure to that relationship; the announcement does not itself demonstrate a newly delivered driving capability.
The report identifies 延电科技 as Yanfeng's electronics-business platform, focused on smart cockpits. This brief concerns a board-approved proposal, rather than confirmation that the venture has completed establishment or begun deploying new technology.
Sources & context
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