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GM-Backed Self-Driving Company Momenta Readies For US IPO Launch: Report

By Shivani Kumaresan
May 6, 6:46 AM
Auto giant General Motors-backed Beijing Momenta Technology Co., a Chinese self-driving firm, has quietly filed for a potential IPO in the U.S., report says. Momenta reportedly aims to raise $200-$300 million through share sales, with discussions ongoing. The move underscores Momenta's rapid growth and signifies a significant step in its global expansion strategy.

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U.S. DoT Releases Final Rules To Lower Consumer Costs, Continue U.S. Manufacturing Boom In Batteries And Clean Vehicles, Strengthen Energy Security; Secretary Yellen Says “The Inflation Reduction Act’s Clean Vehicle Credits Save Consumers Up To $7,500…

By Benzinga Newsdesk
May 3, 1:44 PM
https://home.treasury.gov/news/press-releases/jy2323Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA)

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