Enjoyway Mobility, the mobility subsidiary of SAIC Motor, has announced the successful conclusion of its Series C funding round, securing over 1.3 billion yuan from industrial funds and local governments. This financing represents the largest single investment in China's mobility sector in nearly three years. Moving forward, Enjoyway Mobility aims to harness the resources of SAIC Motor and its industrial partners to construct a comprehensive autonomous driving ecosystem centered around the Enjoyway platform, integrating vehicles, technology, and platforms into a cohesive unit.

Furthermore, Enjoyway Mobility is collaborating with shareholder Momenta to introduce an L4-level autonomous taxi fleet in Shanghai, with aspirations to grow this fleet to 200 vehicles by 2026. Additionally, the company has commenced preparations for an initial public offering (IPO) in Hong Kong, marking a significant step towards further expansion and market presence.