Chinese self-driving technology firm Momenta is looking to raise several hundred million dollars at a valuation topping US$5bn, sources familiar with the talks have told Bloomberg. The move comes just two months after Momenta itself took a stake in compatriot heavy truck startup Zeron, marking its first push into the commercial vehicle sector.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
