China’s securities regulator approved Momenta Global Limited’s US IPO, as stated on Monday.
Momenta intends to issue shares, listing on Nasdaq or NYSE, as stated by the regulator.
China greenlights nine automakers for self-driving car tests, advancing innovation in autonomous vehicles.
Auto industry establishes 5 autonomous driving levels, from driver aid (level 1) to fully driverless (level 5).
China released guidelines in November last year, enabling businesses to apply for introducing autonomous driving cars nationwide.
Automakers and fleet operators ensure driver safety while test vehicle operators can hand off control.
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