On May 22, media reports indicated that Tesla Motors' supervised Full Self-Driving (FSD) system is set to be deployed in China, significantly boosting the overall autonomous driving concept sector. Among the stocks, CAOCAO INC (02643) delivered a particularly strong performance, ranking near the top of the gainers. By the market close, its share price had surged by 18.38%. This development is not an isolated event; it is viewed as a critical turning point for the autonomous driving industry, marking a transition from the "technology validation" phase to the "large-scale commercial deployment" phase. This has prompted a comprehensive market reassessment of the value across the entire autonomous driving industry chain. As the core vehicle for the commercial deployment of Geely Holding Group's Robotaxi initiative, CAOCAO INC has successfully established a comprehensive, closed-loop Robotaxi ecosystem integrating "smart custom vehicles + autonomous driving technology + intelligent operations," giving it a distinct competitive edge. Recently, at the 2024 Beijing Auto Show, the Eva Cab, China's first native Robotaxi prototype in which CAOCAO INC was deeply involved in vehicle product definition and development, made a stunning debut. According to the established plan, CAOCAO INC's deeply customized Robotaxi is scheduled for mass production in 2027, with a cumulative deployment target of 100,000 units by 2030. Furthermore, on May 14, CAOCAO INC announced that its board of directors had formally approved a share repurchase plan. This plan is set for a one-year period, with a total repurchase amount capped at HK$200 million.
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