CAOCAO INC has set a target at a Geely Holding strategy briefing: to deploy a cumulative total of 100,000 fully customized Robotaxi vehicles by 2030 and commence commercial operations on a global scale.
Li Shufu, Chairman of Geely Holding Group, stated that CAOCAO INC will serve as the most crucial commercialization vehicle for Robotaxi, aiming to build a globally leading technology-driven mobility platform. The designation "most crucial" is not merely due to smoother internal communication but stems from CAOCAO INC's capability structure being highly aligned with the demands of Robotaxi commercialization. The company possesses differentiated advantages in at least three key areas.
The first major business foundation lies in the "vehicle," specifically CAOCAO INC's ability to define mobility hardware. Customized vehicles like the Maple 80V and CAOCAO 60 are designed with trade-offs focused on reducing Total Cost of Ownership (TCO) and enhancing operational efficiency, from seating and energy consumption to in-car system functions. Third-party estimates indicate that compared to typical pure-electric ride-hailing vehicles, the total ownership cost of such customized models can be reduced by over 30%, with the cost per kilometer dropping to as low as approximately 0.47 yuan.
The second foundation involves the essential service system required for operations. Leveraging the Geely ecosystem, CAOCAO INC has secured access to 448 battery swap stations and 133 authorized maintenance service points. For the current fleet, this network delivers tangible benefits like 60-second ultra-fast battery swaps and reductions in both maintenance time and cost. For the future Robotaxi fleet, the maintenance infrastructure required for autonomous driving can be directly upgraded from the existing network. This, combined with capabilities for automated dispatch, automated energy replenishment, and remote maintenance, allows the company to focus more resources on innovation in perception, decision-making, and operational algorithms, thereby achieving highly efficient operational support.
The third major foundation is operational experience. Over the past decade, CAOCAO INC has expanded its service network to 163 cities, cumulatively completing over 1.9 billion trips. Relying on its customized vehicles and driver service quality, it has consistently ranked "best in service reputation" across multiple independent surveys.
In the first half of 2025, CAOCAO INC achieved operating revenue of 9.456 billion yuan, a year-on-year increase of 53.5%; its gross margin rose to 8.4%, up 1.4 percentage points year-on-year. Net cash inflow from operating activities in H1 2025 was 325 million yuan, surging 164.6% year-on-year, indicating a significant enhancement in its self-sustaining capability. During this period, the average daily order volume was 2.108 million, growing 50.6% year-on-year, while the Average Order Value (AOV) increased to 28.9 yuan. The average monthly active user count reached 38.1 million, up 57.4% year-on-year, and the average monthly active driver count was 554,000, a increase of 53.5% year-on-year.
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