SAIC MOTOR(SH:600104) 证券时报·2025-05-09 14:17Core Viewpoint - The article highlights the successful completion of a C-round financing of over 1.3 billion yuan by SAIC Group's mobility brand, Xiangdao Mobility, marking the largest single financing amount in China's mobility industry in the past three years. This financing is a significant milestone for the company as it prepares for an IPO in Hong Kong [1][2]. Financing and Strategic Development - The C-round financing not only injects capital but also deepens the connection with industrial resources, allowing Xiangdao Mobility to leverage the advantages of SAIC Group and its partners to build a comprehensive autonomous driving ecosystem [2][3]. - The company plans to collaborate with Momenta to establish a fleet of L4-level Robotaxi in Shanghai, aiming to scale up to 200 vehicles by 2026, promoting sustainable and high-quality commercial operations of Robotaxi [2][3]. Historical Financing and Growth Stages - Since its establishment in 2018, Xiangdao Mobility has undergone three rounds of financing, with notable partners including Alibaba and CATL in the A-round, and Momenta and Amap in the B-round, leading to a strategic focus on data capabilities, technological breakthroughs, and ecosystem construction [3]. - The three rounds of financing correspond to the company's development stages: data empowerment, technology advancement, and ecosystem building, showcasing its strategic foresight in capturing industry opportunities [3]. Operational Achievements - Xiangdao Robotaxi, launched in 2021, is the first L4 autonomous driving operation platform backed by a car manufacturer in China, holding operational licenses in Shanghai and Suzhou, and has completed over 330,000 orders with more than 2.5 million kilometers driven [4]. - Following the C-round financing, the company aims to consolidate its market share in core cities while extending its services to overseas markets [4].