Nov 5 — SAIC Motor's board approved plans to set up a joint venture with Momenta
and Yandian Technology with registered capital of 300 mln yuan to accelerate R&D
of advanced autonomous-driving technology and boost vehicle competitiveness
globally. Momenta will subscribe 153 mln yuan for a 51% stake; SAIC Motor 75 mln
yuan for 25%; Yandian Technology 72 mln yuan for 24% (SAIC+Yandian 49%).