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.
This story is from the December 03, 2024 edition of The Straits Times.
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This story is from the December 03, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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