TREE NEWS update: SAIC Motor’s board approved a plan to set up a smart-driving joint venture with Momenta and others, registered capital of 300 million yuan. Momenta will subscribe 153 million yuan for 51%, SAIC 75 million yuan for 25% and Yandian Technology 72 million yuan for 24%, with SAIC and Yandian holding 49% combined. The venture aims to strengthen high-level driver-assistance R&D and global competitiveness.
SAIC, Momenta to Form 300M Yuan Smart-Driving Joint Venture
AI take
The structure is the story here: Momenta takes majority control of the venture while SAIC, the incumbent automaker, holds a minority stake alongside Yandian. That arrangement suggests traditional OEMs are ceding leadership in high-level driver-assistance development to specialized software partners rather than keeping it in-house. For the broader smart-driving supply chain, it signals a model where automakers lean on external technology providers for advanced R&D. Whether this joint-venture format becomes a template for other Chinese OEMs is the open question to watch.
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