Mercedes reportedly using Momenta software to spur China comeback
The Straits Times|December 03, 2024
Mercedes-Benz is betting on China's Momenta to help it win back market share in the world's biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup's software, three sources with knowledge of the matter said.

The plans, which have not been previously reported, will make autonomous driving developer Momenta the first Chinese supplier picked by Mercedes to be a primary provider of a key technology and selling point for its products, as intense competition and technological innovation in China force Western automakers to rethink their supply chain strategies.

The German premium automaker has had an investment in Momenta since 2017, but the two companies have yet to publicly announce jointly developed products.

In the years since, the Chinese firm has emerged as one of China's leading suppliers of advanced driver-assisted system (ADAS) features similar to Tesla's full self-driving that can navigate urban traffic with human drivers' supervision.

Denne historien er fra December 03, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 03, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE STRAITS TIMESSe alt
What a 121km trek across the Gobi Desert taught us about transformation
The Straits Times

What a 121km trek across the Gobi Desert taught us about transformation

The motivation for self-transformation must come from within. Our job as institutes of higher learning is to fuel that motivation, says the writer.

time-read
5 mins  |
December 06, 2024
At a block in Singapore, Teochew kueh evokes roots, rebuilds lives
The Straits Times

At a block in Singapore, Teochew kueh evokes roots, rebuilds lives

Searching for comfort food, the writer discovers a social enterprise that is using kueh to create jobs for a marginalized group.

time-read
6 mins  |
December 06, 2024
The Straits Times

S'pore among preferred destinations for billionaires

Billionaires are relocating more frequently, with many moving to Switzerland, Singapore, the United Arab Emirates, and the US, according to private bankers.

time-read
2 mins  |
December 06, 2024
Retail sales in S'pore up 2.2% in October
The Straits Times

Retail sales in S'pore up 2.2% in October

Motor vehicle sales drive increase in revenue, posting year-on-year rise of 18.4%

time-read
2 mins  |
December 06, 2024
The Straits Times

Hongkong Land said to be weighing sale of Singapore developer MCL

Singapore-listed property group Hongkong Land Holdings is considering selling its closely held property developer arm MCL Land, according to people with knowledge of the matter.

time-read
1 min  |
December 06, 2024
China carmakers pivot to hybrid models for Europe to sidestep tariffs
The Straits Times

China carmakers pivot to hybrid models for Europe to sidestep tariffs

SHANGHAI - Carmakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's electric vehicle (EV) tariff scheme.

time-read
3 mins  |
December 06, 2024
The Straits Times

Chinese trading app founder is $8b richer amid stimulus blitz

BEIJING - The tycoon behind China's Royal Flush trading app has added US$6 billion (S$8 billion) to his wealth since the nation's stimulus blitz in September, underscoring how the volatility has been a boon for an elite few.

time-read
3 mins  |
December 06, 2024
The Straits Times

Robinhood plans to launch in Asia in 2025, with S'pore HQ

US online brokerage to acquire trading licences in region as part of global expansion plan

time-read
2 mins  |
December 06, 2024
US Fed chief says he expects good relations with Trump administration
The Straits Times

US Fed chief says he expects good relations with Trump administration

WASHINGTON - US Federal Reserve chairman Jerome Powell said he is confident he will have a similar relationship with the incoming administration, including Treasury nominee Scott Bessent, as he has now.

time-read
1 min  |
December 06, 2024
Keppel partnering Amazon Web Services on data centres, renewable energy
The Straits Times

Keppel partnering Amazon Web Services on data centres, renewable energy

Keppel is linking up with tech giant Amazon Web Services (AWS) to collaborate on data centres, subsea cables and renewable energy.

time-read
1 min  |
December 06, 2024