SAIC’s mobility arm Xiangdao Chuxing announced today it secured over CNY1.3 billion (USD180 million) in a Series C fundraiser and is planing an IPO in Hong Kong, Cailianshe reported. Xiangdao will collaborate with shareholder Momenta to develop an L4 robotaxi fleet in Shanghai, aiming to have 200 self-driving vehicles by the end of 2026.