Mercedes-Benz plans new round of investment in Momenta

Mercedes-Benz plans to make new investments in Chinese smart driving company Momenta, and at least four models will use Momenta's software in the future. This is the first time that Mercedes-Benz has chosen a Chinese supplier, which is also the main supplier of key technologies for its products. It is reported that Mercedes-Benz plans to invest another $75 million in Momenta and is interested in participating in its IPO expected in the first quarter of 2025.