On January 22, at the Geely Holding Group's strategy briefing session, CaoCao Inc (02643) announced its plan to deploy a cumulative total of 100,000 fully customized Robotaxi vehicles by 2030, initiating comprehensive commercial operations on a global scale. As the most crucial commercialization vehicle for Geely Holding Group's Robotaxi ambitions, CaoCao Inc possesses all the key elements necessary for Robotaxi development, forming a unique tripartite development model of "smart custom vehicles + autonomous driving technology + intelligent operations." After a decade of deep cultivation in the shared mobility market, the company has amassed vast amounts of travel data, sophisticated dispatch algorithms, and a nationwide service network, laying a solid foundation for the commercial rollout of Robotaxi services. The company also operates one of the largest custom vehicle fleets of its kind in China, accumulating valuable experience in large-scale fleet operations and efficient asset management required for the Robotaxi era. Currently, CaoCao Inc's second-generation Robotaxi vehicles have commenced pilot operations. The company is continuously enhancing its capabilities for automated management of large-scale fleets, preparing to launch the CaoCao Zhixing RAS remote safety service platform and comprehensively apply an intelligent asset management system to further integrate its operational strengths with smart cockpit and autonomous driving technologies. In the Robotaxi 2.0 phase, the company will gradually achieve a smooth transition from safety drivers in the main seat to fully unmanned operations, while also exploring mixed operation models involving both human-driven and autonomous vehicles. Concurrently, CaoCao Inc is collaborating with Geely and relevant partners to co-develop a fully customized Robotaxi model pre-equipped with dedicated autonomous driving components and applications. This vehicle model is set to be unveiled this year, with a plan to deploy a cumulative total of 100,000 units by 2030. The Green Smart Mobility Island, serving as the physical manifestation of Geely Holding's vision to "lead the green and smart mobility ecosystem," will in the future promote the integration of the transportation, energy, and data chains, becoming a key pivot point for building a multi-dimensional mobility network. CaoCao Inc has already established replicable construction standards and plans widespread deployment alongside the expansion of its Robotaxi business, providing fully customized vehicles with automated operational support across all scenarios, and collaborating with partners to create an integrated "air-ground-space" mobility ecosystem. While advancing its domestic footprint, CaoCao Inc is also actively expanding international cooperation. The company has signed a Memorandum of Understanding with the Abu Dhabi Investment Office (ADIO) and will establish a local office and operational center this year, collaborating with local institutions to promote pilot projects for autonomous driving and green mobility technologies. The two parties will jointly promote sustainable transportation solutions centered on electric and battery-swapping vehicles, integrating CaoCao Inc's large-scale, proven efficient battery-swap network and operational system from the Chinese market into Abu Dhabi's green energy ecosystem. In the future, CaoCao Inc will continue to deepen synergy with various business units under Geely Holding, using the fully customized Robotaxi fleet as the core vehicle and intelligent infrastructure as the supporting network, to gradually build an autonomous driving mobility service system covering the nation and radiating globally, continuously driving urban transportation towards a greener, smarter, and more efficient direction.
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