The mobility arm of Chinese automotive giant SAIC Motor has filed an application to list on the Hong Kong Stock Exchange, marking a major step in the company’s bid to accelerate its autonomous driving and robotaxi operations.

According to a prospectus submitted on October 28, EnjoyGo Technology, SAIC’s mobility subsidiary, plans to use the proceeds from the initial public offering to advance research and development in self-driving technologies and expand the commercial rollout of its robotaxi services.

China International Capital Corporation and Guotai Junan International have been appointed as joint sponsors for the proposed listing, the filing showed.