Citi Global Business Head Experiences CAOCAO INC's Autonomous Taxi Service

Stock News03-27

On March 25, Ernesto Torres Cantú, President of Citi's Global Consumer Banking, along with a delegation of 16 representatives, visited Hangzhou for an in-depth experience of CAOCAO INC's Robotaxi service. Yan Yonggui, Vice President of CAOCAO INC, presented the company's strategic roadmap and global expansion plans for its autonomous taxi operations. Currently, CAOCAO INC has deployed a fleet of 100 Robotaxis in Hangzhou and launched the world’s first "Green Smart Mobility Hub" to enhance the automated operational capabilities of large-scale autonomous vehicle fleets. In addition, the company is collaborating with Geely and relevant partners to develop a fully customized Robotaxi model. This vehicle is set to debut later this year, with plans to deploy a cumulative total of 100,000 units by 2030. The "Green Smart Mobility Hub" initiative will also be expanded in tandem with the Robotaxi business to achieve widespread implementation.

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