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Title: CaoCao: Asset Management to Decide Autonomous Driving Race, Targets 100k Driverless Cars by 2030

Hongzhou, China, 16th Apr 2026 - As competition in China’s robotaxi sector intensifies, CaoCao(02643.HK), the ride-hailing platform backed by Geely Holding, is striving to become a top-tier industry operator. In a recent exclusive interview, Gong Xin, the company’s Chief Executive Officer, disclosed that CaoCao aims to deploy 100,000 autonomous vehicles by 2030, enhancing operational efficiency through end-to-end control over vehicles, technology and operations.Gong Xin believes the future of robotaxis hinges on an asset management model built around the closed loop of “vehicle manufacturing, autonomous driving technology and fleet operations”. CaoCao’s initial fleet of 100 autonomous robotaxis has been put into service in Hangzhou at the end of 2025. The company plans to achieve fully driverless operations this year, whereas most autonomous vehicles in China still require human safety supervisors. On April 1, CaoCao received approval to conduct unmanned road tests in Hangzhou, becoming the first company to obtain such a permit in the city.At the core of CaoCao’s strategy is a fully purpose-built robotaxi developed over the past two years. Engineered from scratch for autonomous driving with highly integrated software and hardware, the model is scheduled to debut this year and enter mass production in the first half of 2027. To support its operations, the company is upgrading Geely’s battery-swapping network to build “Green Intelligent Mobility Hubs”, which will act as docking and maintenance stations for robotaxis and reserve space for future eVTOL (electric vertical take-off and landing) aircraft. CaoCao plans to roll out these hubs across five to six Chinese cities this year.Gong Xin noted that asset management capability underpins cost control and operational efficie...

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