According to CoinMeta, the cooperation between SAIC Group and Momenta has further deepened, with plans to jointly establish a smart driving joint venture company. As approved by the board of directors on November 5th, the registered capital of the joint venture is 300 million yuan, with the aim of strengthening the research and development of advanced smart driving technologies and enhancing the competitiveness of the entire vehicle products in the global market. Momenta plans to contribute 153 million yuan, holding 51% of the shares; SAIC Group plans to contribute 75 million yuan, holding 25% of the shares; and Yandian Technology plans to contribute 72 million yuan, holding 24% of the shares. Together, SAIC Group and Yandian Technology hold 49% of the shares.