On February 28, CaoCao Inc. held the launch ceremony for its "CaoCao Zhixing" autonomous driving platform, announcing the successful establishment of China's first "F³" full-stack self-developed intelligent driving ecosystem. The company simultaneously initiated Robotaxi pilot operations in Suzhou and Hangzhou, deploying vehicles equipped with Geely's latest intelligent driving system. The pilot operation represents a strategic breakthrough in CaoCao's Robotaxi development, heralding the prelude to large-scale commercialization of autonomous ride-hailing services.
Since its founding in 2015, CaoCao Inc. has adhered to its mission of "Revolutionizing Green Shared Mobility through Technology", maintaining profound engagement in the mobility-as-a-service (MaaS) market. As of now, CaoCao Inc.'s ride-hailing network spans over 100 Chinese cities, with 33,000 purpose-built new energy vehicles (NEVs) deployed across 29 key metropolitan areas. The company has earned widespread consumer recognition for its service consistency and premium quality, holding the industry's highest customer satisfaction rating—a testament to its deep understanding of mobility markets and user needs.
CaoCao Inc. initiated its Robotaxi research and development program in 2020. Powered by Geely Holding Group's intelligent technology ecosystem, CaoCao Zhixing has leveraged industrial chain advantages to establish China's first "F³" full-stack self-developed intelligent driving ecosystem, achieving deep integration of three core elements: intelligent manufacturing, autonomous driving, and smart operations. Mr. Gong Xin, CEO of CaoCao Inc., emphasized three critical success factors for Robotaxi development: Autonomous driving technology determining technical feasibility, purpose-built vehicles defining fundamental capabilities and platform efficiency ensuring commercial viability. These elements work synergistically to advance the Robotaxi industry. Through its operational platform, CaoCao Zhixing has created an integrated ecosystem within Geely Group comprising purpose-built vehicles, autonomous driving technology and mobility service platform. This achieves complete convergence of the three essential Robotaxi components.
The pilot program demonstrates the initial formation of CaoCao's Robotaxi ecosystem. At the ceremony, CaoCao Zhixing deployed its first batch of pre-installed modified mass-production vehicles. These vehicles are built on Geely's latest-generation intelligent SEA (Sustainable Experience Architecture) platform, featuring the highly adaptable and intelligent LYNK & CO Z10 model equipped with Geely's most advanced autonomous driving system.
CEO Gong Xin revealed that CaoCao Zhixing plans to launch a fully customized Robotaxi model by 2026 that optimally balances cost and user experience, with projected per-unit manufacturing costs significantly below industry benchmarks for comparable vehicles. Concurrently, CaoCao Zhixing will develop an autonomous operations system encompassing intelligent order processing, dynamic route optimization, AI-powered resource allocation, and predictive asset maintenance. This system will enable end-to-end automated vehicle management.
Since 2021, CaoCao Inc. has specialized in purpose-built vehicles and mobility service solutions. By optimizing Total Cost of Ownership (TCO) through differentiated business models, the company has achieved both rapid scale expansion and exceptional market reputation - a success already validated in its manned vehicle operations. President Liu Sen of CaoCao Inc. noted: "The high TCO of Robotaxi services remains a primary barrier to mass commercialization. Moving forward, CaoCao Zhixing will leverage fully customized Robotaxi models and comprehensive vehicle service solutions to enhance asset-side and aftermarket service ecosystems, reduce per-service operational costs and accelerate Robotaxi commercialization.
Moving forward, CaoCao Zhixing is committed to becoming a practitioner of inclusive mobility technology, a pioneer in new employment ecosystems, and a co-builder of urban transportation safety. CaoCao Zhixing will accelerate the development of Robotaxi as an inclusive public service, while creating new employment opportunities such as remote safety operators and vehicle preparation technicians. Through enhanced government-enterprise collaboration in urban areas, we will contribute to more orderly and secure urban transportation operations.