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This announcement details a strategic capital injection into the autonomous driving sector by SAIC Group, forming a joint venture with Momenta and Yandian Technology to accelerate deployment of self-driving capabilities in China. The move underscores significant industry consolidation among major OEMs and AI startups to scale L3/L4 vehicle operations amidst evolving regulatory landscapes.

Sources covering36Kr, Latent Space, Elastic Security Labs, Akka Blog

SAIC Group Plans to Establish Autonomous Driving Joint Venture with Momenta and Others, With Registered Capital of 300 Million Yuan

36KrNovember 5, 20261 min read

36Kr reports that the SAIC Group board has approved a proposal to establish a joint venture with Momenta and others, with a registered capital of 300 million yuan. Momenta plans to subscribe for 153 million yuan, holding a 51% stake; SAIC Group plans to subscribe for 75 million yuan, holding a 25% stake; and Yandian Technology plans to subscribe for 72 million yuan, holding a 24% stake. SAIC Group and Yandian Technology will collectively hold a 49% stake.

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