On November 5, the board of directors of SAIC Motor reviewed and approved a proposal to jointly establish a joint venture with Momenta and other parties, with a registered capital of 300 million yuan, to strengthen the research and development of high-level intelligent driving technology and enhance the global competitiveness of its vehicle products. Under the plan, Momenta will contribute 153 million yuan for a 51% stake; SAIC Motor will contribute 75 million yuan for a 25% stake; and Yandian Technology will contribute 72 million yuan for a 24% stake. Together, SAIC Motor and Yandian Technology will hold 49%.