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AP National Business

GM invests $300M in China’s self-driving car company Momenta

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Published 9:57 AM

General Motors is investing $300 million in China’s self-driving car company Momenta. GM said Thursday that the investment will speed up the development of next-generation self-driving technologies for its future vehicles in China. The move is also part of a plan GM announced three months ago to invest $35 billion in engineering and capital in electric vehicle and autonomous vehicle technology from 2020 to 2025. 

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