GM invests $100 million in self-driving startup in China

On 23 September, Beijing - Reuters said the U.S. automaker is invested $100 million in the Chinese startup Momenta to develop self-driving technologies for future models in Europe.

In China, the world's biggest automobile market, GM is making cars with SAIC Motor, which also invested in Momenta. Momenta is also backed by Daimler AG and Toyota Motor Company.

This is the first autonomous driving partnership that the top U.S. automaker connected in China where it sold approximately three million vehicles last year, according to Forbes.

GM is also developing autonomous driving technologies through its subsidiary Cruise. In addition, it has Super Cruise driver assistance technology. Earlier this month, its investor arm invested in Oculii, a U.S. startup making software for radar sensors used in self-driving cars.

Four-year - old Momenta is among the few companies that hold a permit for raising autonomous vehicles in China, a key tool in high-definition navigation systems.