SAIC and Momenta Deepen Cooperation, Plan to Establish Joint Venture for Intelligent Driving Technology. According to Jinse Finance, SAIC Motor's board of directors approved a proposal to jointly establish a joint venture with Momenta and others, with a registered capital of 300 million yuan. The venture aims to further strengthen the research and development of advanced intelligent driving technologies and enhance the competitiveness of its vehicles in the global market. Momenta plans to contribute 153 million yuan, holding 51% of the shares; SAIC Motor plans to contribute 75 million yuan, holding 25%; and Yandian Technology plans to contribute 72 million yuan, holding 24%. SAIC Motor and Yandian Technology will collectively hold 49% of the shares. (Securities Times)