AutoBeta(AutoBeta.net)02/13 Report--

Today, according to foreign media reports, GM invested 275 million US dollars in Wejo, a British technology start-up, and some industry insiders speculated that GM's move was to speed up the development of self-driving technology.

It is understood that the $275 million consists of the $25 million GM injected into the company and a $70 million "non-cash" delivery and other related data funds. In this investment, the two sides will work together on the ecological chain of "Internet cars" around GM's long-term data sharing management, and GM also holds a 35% stake in the company.

According to Wejo, this is an Internet car start-up founded by Englishman Richard Barlow in 2018. Wejo's main business is to develop an ecological chain of "Internet cars", which includes a series of automotive Internet services, such as automobile insurance, vehicle networking maps, remote sensing mapping and local government car services, and has made some achievements in data development.

GM recently invested in an electric pickup company with Amazon, followed by an "Internet car" company. It is not difficult to see GM's determination to make achievements in self-driving and electric vehicles. After all, GM has chosen to lay off staff and close some car manufacturing plants when it says it is developing new on-board technology. If there is no technological breakthrough, 2019 will be particularly difficult for GM.

Wejo's technology and expertise in vehicle networking will play an important role in GM's rapid development of self-driving technology.

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