This article only represents the author's own views.
Investors already have a wide array of robotaxi operators from China to choose from these days, led by the leading trio of Pony AI, WeRide and Baidu, followed by lesser names like Momenta and Chenqi. Now, these private companies are about to get a run for their money from a state-run rival, as EnjoyGo Technology Ltd. gets set to join their ranks, banking on self-driving cars to take it to profits.
Last Tuesday, the mobility arm of state-owned auto giant SAIC Motor, the China joint venture partner to GM and Volkswagen, filed for an IPO in Hong Kong. One reason it gave for the move was to raise R&D funds for its autonomous driving, or robotaxi, services.
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