Meet the key players from the red-hot self-driving space

The race to get self-driving vehicles mainstream has been accelerating of late, with auto and tech giants racing toward automated mobility. Last Friday, Chinese self-driving startup, Momenta, announced that it raised $500 million from Chinese state-owned automaker SAIC Motor, Japan-based car giant, Toyota TM, and auto components supplier, Bosch. Momenta is working with various automakers to offer advanced technologies like automated HD mapping and other similar functions to assist in the driverless revolution. Toyota currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

https://www.nasdaq.com/articles/meet-the-key-players-from-the-red-hot-self-driving-space-2021-03-22