- Momenta and SAIC created a RMB 300 million ($45 million) JV formalizing capital ties to broaden cooperation on Level 2 and Level 3 systems across SAIC platforms and global markets.
- Momenta will hold 51% via RMB 153 million ($23 million), SAIC Motor 25% with RMB 75 million ($11.2 million), and Yandian 24% with RMB 72 million ($10.8 million).
- The JV targets SAIC models and rival Tier‑1 suppliers, but delivery and mass‑production risks include L3 validation, 2027 rollout timing, regulatory approvals, and scaling margins.
China’s high-level autonomous driving supplier Momenta said its wholly owned subsidiary, Momenta (Suzhou) Technology Co., Ltd., had signed an agreement with SAIC Motor and Yandian Technology Co., Ltd., an auto parts group under SAIC, to set up the new entity, in a November 5 filing with the Hong Kong Stock Exchange.
The joint venture will have registered capital of RMB 300 million ($45 million).
Under the terms, Momenta (Suzhou) will contribute RMB 153 million ($23 million) for a 51% stake. SAIC Motor will invest RMB 75 million ($11.2 million) for 25%, while Yandian Technology will contribute RMB 72 million ($10.8 million) for the remaining 24%.
The filing said the joint venture will expand cooperation between Momenta and SAIC Motor across global markets and vehicle platforms. Its scope will cover advanced intelligent driving products and services, including Level 2 and Level 3 systems.
The partners expect the new structure to take their strategic relationship to a deeper level, support their long-term product competitiveness and enhance their ability to compete globally.
SAIC Motor was Momenta’s earliest and largest institutional strategic investor and remains its largest external shareholder. Momenta, in turn, holds a stake in SAIC’s premium electric vehicle brand IM Motors. The two companies have already worked together on production models, including the IM ADAS deployed across the IM lineup.
The joint venture could move their relationship beyond project-based procurement toward a longer-term partnership backed by a dedicated organization and shared capital. Momenta’s driver assistance systems are already used in multiple vehicles across SAIC’s portfolio, including the SAIC-Volkswagen ID ERA.9X, MG models and IM vehicles.
The partnership also aligns with Momenta’s ongoing development of Level 3 autonomous driving technology. The company has already launched its L3 development program, with the SAIC Audi AUDI E7X set to become the first model to feature the relevant system. Several other jointly developed models are also in the pipeline, with mass production targeted for 2027.
Momenta’s business is expanding beyond its relationship with SAIC. The company has partnerships with 26 automakers worldwide and has secured production-program nominations for more than 219 vehicle models. More than 1 million mass-produced vehicles are now equipped with Momenta systems.
Momenta also leads China’s third-party urban Navigation on Autopilot (NOA) supplier market, with a 65% share.
The company is also developing Robotaxi and Robovan services. Its Robotaxi operations have reached six cities worldwide, and Momenta plans to expand to more than 10 cities by the end of 2026.
Momenta reported revenue of RMB 1.602 billion ($240.2 million) in the first half of 2026, up 75.9% YoY, in its interim results released in late August. Gross profit excluding share-based compensation expenses reached RMB 1.21 billion ($181.4 million), also up 75% YoY, representing a gross margin of approximately 75%.
Its adjusted net loss narrowed 97% YoY to RMB 14.097 million ($2.1 million) in the first half. Momenta continued to invest heavily in research and development, with R&D spending accounting for 73% of revenue. R&D personnel made up 79% of its total workforce.
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