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.

Bu hikaye The Straits Times dergisinin December 03, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Straits Times dergisinin December 03, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE STRAITS TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Billionaire bros pack Trump's team
The Straits Times

Billionaire bros pack Trump's team

When Donald Trump becomes president on Jan 20, at 78 years and seven months, not only will he be the oldest American to take the oath of office, but he will also be the richest.

time-read
2 dak  |
December 11, 2024
New Punggol Coast MRT station opens, cutting travel time to city
The Straits Times

New Punggol Coast MRT station opens, cutting travel time to city

It will also allow trains on the NEL to run at higher frequency during peak hours

time-read
4 dak  |
December 11, 2024
K-pop light sticks find new life in Seoul rallies
The Straits Times

K-pop light sticks find new life in Seoul rallies

SEOUL - The cityscape of South Korean capital city Seoul has transformed into a glittering colour display marrying K-pop and politics, with scores of music fans singing in the streets and waving glow sticks in protest against President Yoon Suk Yeol.

time-read
2 dak  |
December 11, 2024
The Straits Times

President Yoon's arrest possible in theory, but many obstacles in the way

The idea of a sitting president being arrested, once deemed unthinkable, now looms as a real possibility in South Korea.

time-read
3 dak  |
December 11, 2024
South Korea prosecutors seek arrest warrant for ex-minister
The Straits Times

South Korea prosecutors seek arrest warrant for ex-minister

The move comes amid fears a key suspect in the failed martial law declaration could flee

time-read
3 dak  |
December 11, 2024
Man arrested over fatal knife attack at Hougang hardware store
The Straits Times

Man arrested over fatal knife attack at Hougang hardware store

A knife attack in Hougang in the late morning on Dec 10 left one woman dead and two others, including the suspected assailant, injured.

time-read
2 dak  |
December 11, 2024
SkillsFuture helps older workers close skills gaps, says Chan Chun Sing
The Straits Times

SkillsFuture helps older workers close skills gaps, says Chan Chun Sing

Continued learning to hone skills will enable them to stay competitive, says minister

time-read
3 dak  |
December 11, 2024
Iata: Number of air travellers to cross 5 billion for first time; average fares to drop
The Straits Times

Iata: Number of air travellers to cross 5 billion for first time; average fares to drop

GENEVA - The number of air travellers around the world is expected to surpass five billion for the first time in 2025 as travel becomes increasingly affordable, said the International Air Transport Association (Iata).

time-read
3 dak  |
December 11, 2024
The Straits Times

S'pore improves in test of adult skills, but decline among older workers flagged

OECD study finds sizeable gap remains between young adults and older workers

time-read
3 dak  |
December 11, 2024
The Straits Times

'LAST-CHANCE TOURISM' AT A COST

A frozen landscape with breathtaking views, Greenland wants to attract more tourists, but its remote location and fragile environment - which make it a unique destination - also pose challenges.

time-read
2 dak  |
December 10, 2024