On April 24, China's first natively developed robotaxi, the Eva Cab, made its debut at the 2026 Beijing International Auto Show. CAOCAO INC (02643) played a significant role in the product definition and development of this vehicle. The model integrates Geely's extensive expertise in electric and intelligent vehicle R&D and manufacturing, the advanced G-ASD L4 autonomous driving system, and CAOCAO INC's decade of insights from shared mobility operations and services. It is fully designed from the ground up for autonomous driving operations. When compared to Tesla's Cybercab, the two products differ in functional design and technological approach. In terms of safety perception, CAOCAO INC's robotaxi employs a multi-sensor fusion solution tailored for China's complex road conditions, whereas Tesla's Cybercab relies solely on vision-based systems, which may have recognition limitations in low-light environments. Regarding energy replenishment efficiency, CAOCAO INC's robotaxi can complete a battery swap in just 60 seconds, significantly increasing daily operational uptime, far surpassing the charging time required for the Cybercab. For passenger experience, the Cybercab's gull-wing doors present accessibility challenges, interior space is relatively confined, and it uses standard seating. In contrast, CAOCAO INC's robotaxi features zero-gravity seats and power sliding doors, with capacity for multiple suitcases. Regarding regulatory approval, the Cybercab faces challenges for legal operation in Chinese cities, while CAOCAO INC's robotaxi complies with China's operational vehicle standards, enabling immediate large-scale deployment. In summary, Tesla's Cybercab encounters challenges in operational efficiency, regulatory adaptation, and user experience. By comparison, CAOCAO INC's robotaxi boasts core advantages in safety redundancy, efficient battery swapping, regulatory compliance, and superior comfort, positioning it as a commercially viable product better suited for the global market. Furthermore, CAOCAO INC has accumulated over ten years of experience in dispatch, operations, maintenance, and asset management within real-world shared mobility scenarios. It has also demonstrated success in significantly reducing the Total Cost of Ownership (TCO) for its human-driven custom vehicles, indicating more pragmatic product definition and operational capabilities than Tesla. Leveraging Geely's supply chain and CAOCAO INC's management expertise, the robotaxi is expected to achieve a lower TCO than the Cybercab once scaled operations commence. CAOCAO INC's CEO Gong Xin stated, "CAOCAO INC is committed to leading the transformation of the shared mobility industry through technological innovation and operational practice. We will fully leverage our operational strengths and collaborate with partners like Geely Auto Group to build a robotaxi fleet truly 'born for operations,' delivering safer, more convenient, and greener intelligent mobility experiences to users worldwide with globally leading products and services." The vehicle is scheduled for mass production in 2027, with plans to deploy a cumulative total of 100,000 units by 2030. Concurrently, CAOCAO INC is developing an innovative infrastructure for robotaxi operations called the Green Intelligent Transit Hub. These hubs will integrate automated battery swapping, cleaning, interior preparation, intelligent dispatch, and automated settlement systems. They are also designed with预留 space for eVTOL takeoff/landing pads and charging interfaces. In the future, these city-wide hubs will enable seamless connectivity between robotaxis and eVTOLs from Aerofugia, supported by Geespace's low-earth orbit satellite network for comprehensive communication coverage and high-precision positioning data, collectively building an integrated "air-ground-space" mobility blueprint. As the primary commercialization vehicle for Geely Holding Group's robotaxi ambitions, CAOCAO INC has established a complete, closed-loop ecosystem encompassing intelligent custom vehicles, autonomous driving technology, and intelligent operations. With ten years focused on the shared mobility market, the company has amassed vast amounts of travel data, sophisticated dispatch algorithms, a nationwide service network, and a comprehensive asset management system covering vehicle procurement, insurance, maintenance, and residual value management, laying a solid foundation for the commercialization of robotaxis. This year, CAOCAO INC plans to gradually expand into more domestic cities, continuously grow its robotaxi fleet, explore robotaxi operations in Hong Kong, and deploy services in international markets. Utilizing Geely Holding Group's global network, CAOCAO INC aims to rapidly establish a presence in suitable markets. If Tesla's Cybercab represents a Western benchmark for global robotaxis, this natively developed robotaxi embodies the Chinese approach, showcasing China's innovative strength and determination for large-scale deployment in the intelligent mobility sector.
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