HK Stock Market Move | CAOCAO INC (02643) rose more than 6% in trading and plans to deploy 100,000 fully customized Robotaxis by 2030.

CAOCAO INC (02643) rose more than 6% in mid-trading, closing with a 3.97% increase at HK$34.6, with a turnover of HK$615.19 million. On the news front, on January 22, at the Geely Holdings Group strategic analysis meeting, CAOCAO INC announced plans to deploy 100,000 fully customized Robotaxis by 2030 and initiate comprehensive commercial operations globally. As the most important commercial carrier of Robotaxis in Geely Holdings Group, CAOCAO INC has all the key elements needed for the development of Robotaxis, forming a unique "intelligent customized vehicle + intelligent driving technology + intelligent operation" three-in-one development model. Currently, the second generation Robotaxis of CAOCAO INC have started trial operations. The company is continuously improving the automated operation capabilities of large-scale fleets, will launch the Cao Cao Intelligent RAS remote safety service platform, and will fully apply intelligent asset management systems, further integrating operational advantages with intelligent cabins and intelligent driving technology. In the Robotaxi 2.0 phase, the company will gradually transition from a main driving safety officer to unmanned operation smoothly, and explore a mixed operation mode of human driving and unmanned driving.