Today, SAIC Motor Group participated in the joint lead investment of autonomous driving startup Momenta’s Series C financing, and announced that IM Auto will become the first smart electric vehicle brand to implement Momenta’s technology solution.
IM Auto is a high-end smart pure electric vehicle brand jointly created by SAIC Motor Group, Zhangjiang High-tech and Alibaba Group, and its first model will start pre-sales at the Shanghai Auto Show. According to IM Auto’s previous announcement, the first mass-produced model will be equipped with 15 high-definition vision cameras, 5 millimeter-wave radars, and a visual perception solution with 12 ultrasonic radars, achieving “smart navigation in the city and on the highway and centimeter-level high-precision automatic parking.”
Momenta’s automated driving solution for mass-produced vehicles is called Mpilot, mainly for autonomous driving in high-speed roads/city rings, parking scenarios, and city roads. Mpilot’s technical route is different from domestic car companies such as NIO and XPeng in the current stage, and is more similar to Tesla. It uses 2D images captured by cameras and relies on visual SLAM to achieve intelligent driving in different scenarios.
Source: SAIC Motor Group
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