GM invests $300m in Chinese autonomous driving startup Momenta

GM invests $300m in Chinese autonomous driving startup Momenta

A man walks past new cars parked at a General Motors Co. (GM) Cadillac dealership in Shanghai, China, on Monday, Jan. 16, 2017. Cadillac sees "tremendous opportunities" in third and fourth-tier cities in China, according to Andreas Schaaf, vice president of Cadillac China. Photographer: Qilai Shen/Bloomberg

U.S. automaker General Motors Co said on Thursday that it would invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China.