SAIC to form smart-driving JV with Momenta and Yandian Technology
11/05/2026 — 11/05, 21:20·1 sources (all)·1 reports (all)
Key takeaways
- SAIC Motor's board approved a joint venture with Momenta and Yandian Technology with registered capital of RMB 300 million, in which Momenta…
- SAIC is already Momenta's largest institutional shareholder.
Background & analysis
On November 5, 2026, SAIC Motor announced that its board of directors has approved a resolution to jointly establish a joint venture company with Yendian Technology Co., Ltd. and Momenta (Suzhou) Technology Co., Ltd. (Momenta). The name of the new company has not yet been determined. The announcement stated that the move is intended to strengthen the company's R&D capabilities in advanced intelligent driving technology and to equip its vehicle products with greater competitiveness in global markets; the venture will focus on high-end intelligent driving R&D.
According to the disclosed capital plan, the new company will have a registered capital of RMB 300 million: Momenta will subscribe RMB 153 million for a 51% stake, SAIC Motor will subscribe RMB 75 million for a 25% stake, and Yendian Technology will subscribe RMB 72 million for a 24% stake. The three partners already have ties in the intelligent driving field: SAIC Motor is Momenta's largest institutional shareholder, and Momenta in turn holds a stake in IM Motors.
According to business registration records, Yendian Technology was established on June 27, 2022, with registered capital of RMB 100 million. Its legal representative is Zang Chungao, its sole shareholder is Yanfeng Automotive Trim Systems Co., Ltd., and its actual controller is the Shanghai Municipal State-owned Assets Supervision and Administration Commission, placing it within the same Shanghai Automotive Industry Group system as SAIC Motor. Yendian Technology operates as Yanfeng's in-house electronics business platform, concentrating on the intelligent cockpit domain, with cockpit domain controllers as its core product, integrating interactive intelligence, scenario intelligence, and personalized services. It is headquartered in Shanghai, maintains R&D centers in Shanghai and Nanjing, and operates a smart manufacturing base in Xuzhou. As of the November 5 announcement, the joint venture remains at the planned stage, with its name still pending and further developments to be disclosed by the parties.
AI-generated from 1 reports · updated 6 hours ago
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SAIC's board approved a plan to set up a joint venture with Momenta and Yandian Tech to develop advanced driver-assistance technology, with registered capital of 300 million yuan. Momenta will hold 51%, SAIC 25% and Yandian 24%; SAIC is already Momenta's largest institutional shareholder.
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