CAOCAO INC Surges Over 10% on Inclusion in Hang Seng Tech 100 Index, Custom Robotaxi Mass Production Expected in 2027

Stock News06-02

Shares of CAOCAO INC (02643) have surged more than 10% again, extending recent gains.

At the time of writing, the stock was up 10.11%, trading at HK$34.2 with a turnover of HK$295 million.

The recent upward movement follows the company's announcement that it will be included as a constituent stock of the Hang Seng Tech 100 Index, based on the semi-annual review results published by Hong Kong Exchanges and Clearing.

This index adjustment will take effect after the market close on June 12 and will be officially implemented on June 15.

This inclusion follows the company's previous selections into the Hang Seng Composite Index and the Hong Kong Stock Connect scheme.

Being added to the Tech 100 Index signifies capital market recognition of the company's strategic positioning in the Robotaxi and artificial intelligence sectors.

As the core vehicle for Geely Holding Group's Robotaxi commercialization strategy, CAOCAO INC has successfully established an integrated, closed-loop Robotaxi ecosystem encompassing intelligent custom vehicles, autonomous driving technology, and smart operations, giving it a distinct competitive edge.

The company plans to showcase China's first natively developed Robotaxi prototype at the Hong Kong Mobility Show in June 2026.

This vehicle, which CAOCAO INC has been deeply involved in defining and developing, is expected to commence mass production in the first half of 2027.

The company has a target to deploy a cumulative total of 100,000 such vehicles by 2030.

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