CAOCAO INC (02643) has received regulatory approval to conduct road tests for fully driverless smart connected vehicles in Hangzhou, making it the first company in the city authorized for such testing. This marks a significant breakthrough in the firm's Robotaxi technological capabilities and signals the beginning of a new phase of unmanned operations.
The transformation toward Robotaxi services is accelerating rapidly. As the primary commercialization platform for Geely Holding Group's autonomous driving initiatives, CAOCAO INC has adopted a three-pronged strategy—combining intelligent custom vehicles, autonomous driving technology, and smart operations—positioning itself as one of the few technology-driven mobility platforms globally with all essential elements for Robotaxi deployment.
In December 2025, the company introduced its Robotaxi 2.0 solution and began deploying second-generation autonomous vehicles, exploring the transition from safety driver-assisted operations to fully unmanned services. Currently, CAOCAO INC operates a fleet of approximately 100 Robotaxi vehicles in Hangzhou, with plans to expand both the fleet size and operational coverage area.
Concurrently, the company has launched the world’s first "Green Smart Mobility Island" in Hangzhou, integrating functions such as automated battery swapping, cleaning, vehicle preparation, intelligent dispatching, and automated payment settlement. This facility provides efficient operational support for the Robotaxi fleet.
Additionally, the "CAOCAO Intelligent RAS Remote Safety Platform" has been put into operation, taking on responsibilities for real-time remote assistance and end-to-end safety monitoring to enhance passenger security and travel experience during Robotaxi rides.
Looking ahead to 2026, CAOCAO INC plans to gradually expand its services to more cities across China while exploring opportunities for Robotaxi operations in Hong Kong and international markets. The company intends to leverage its mature platform operations, intelligent dispatching systems, and asset management expertise developed domestically to support its global expansion, utilizing Geely Holding Group’s worldwide network for rapid deployment in suitable markets.
Moving forward, CAOCAO INC will continue to collaborate closely with Geely Holding Group to accelerate the development of a fully customized Robotaxi model, which is scheduled to debut later this year. The company aims to deploy a cumulative total of 100,000 such vehicles by 2030 and conduct commercial operations on a global scale.
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