CaoCao Mobility (CaoCao Inc.) has released its inaugural Environmental, Social and Governance (ESG) Report, mapping progress for the year ended 31 December 2025 and marking its first disclosure since listing on the HKEX Main Board in June 2025.
Financial Snapshot • Revenue reached RMB 20.19 billion, backed by an average 41.30 million monthly active users and 631,000 active drivers. • Total assets stood at RMB 5.15 billion. • The platform’s network expanded to 195 cities, adding 59 locations during the year.
Governance Enhancements • A three-tier ESG governance model—Board, ESG Committee and functional departments—was formalised; the Board met four times and reviewed 21 proposals. • Independent non-executive directors account for one-third of the nine-member Board; female representation is 33.33%. • 100% of directors and staff completed anti-corruption and data-security training, with zero corruption cases, data-leak incidents or regulatory fines recorded in 2025. • More than 400 investor-relations events and 100 site visits were held; no penalties for information-disclosure breaches occurred.
Environmental Performance • The ride-hailing fleet is fully electric: over 38,000 new-energy vehicles (NEVs) delivered 8.46 billion km of rides, avoiding 1.20 million tonnes of CO₂ emissions. • Total greenhouse-gas emissions were 610,801 tCO₂e (Scope 1: 358 t, Scope 2: 110,422 t, Scope 3: 500,021 t). • Purchased electricity totalled 205,527 MWh; water use was 7,217 tonnes (3.57 t per RMB million of revenue). • The firm targets net-zero emissions across all rides by 2035 and reported continuous operational carbon neutrality since 2023. • Circular-economy actions included RMB 5.70 million procurement of remanufactured parts and nine supply-chain recycling projects.
Strategic Milestones • Robotaxi 1.0 launched in Suzhou and Hangzhou; 90 second-generation vehicles (Robotaxi 2.0) deployed with satellite-enabled centimetre-level positioning. • A Memorandum of Understanding with Abu Dhabi Investment Office initiates international Robotaxi expansion; third-generation L4 mass production slated for 2027. • The world’s first “Green Intelligent Mobility Hub” combining photovoltaic power, automated battery swapping and smart dispatch began operations in Hangzhou.
Social Commitments • Workforce: 1,091 full-time employees (35.65% female); turnover rate 32%. Average training reached 22 hours per employee, with 100% social-insurance coverage and no work-related fatalities. • Drivers: dedicated health-check packages available in 110 cities; three drivers honoured as National Model Workers. • Accessible mobility: over 1,000 specially equipped vehicles completed more than 6 million trips for passengers with disabilities across nearly 20 cities. • Customer focus: 100% complaint resolution; 91.40% satisfaction rate; full rollout of 95129 virtual numbers for caller privacy.
Supply-Chain & Community • 2,065 suppliers (99.7% domestic) were fully evaluated for ESG compliance. • Community programmes supported 12 accessibility initiatives and provided free rides for national exam candidates; the internal “Home Care Fund” aided 236 driver families.
CaoCao Mobility positions its technology-driven, fully electric fleet and expanding Robotaxi capabilities at the core of its growth strategy, while committing to robust governance, measurable carbon reduction and inclusive social impact.
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