Mercedes-Benz increases investment in Chinese self-driving startup Momenta

German luxury carmaker Mercedes-Benz reportedly plans to make a new investment of $75 million in Momenta and may invest further in its initial public offering (IPO) in the first quarter of 2025. Mercedes-Benz plans to launch at least four models in China, all of which will be equipped with Momenta's advanced driver assistance system (ADAS) software. The move is aimed at helping Mercedes-Benz win more market share in China, the world's largest auto market.