CAOCAO INC (02643) Vice President visits CCTV "Dialogue" program: Swapping battery mode is the best solution for enhancing the energy of the travel industry.

On March 8th, Vice President Yan Yonggui of CAOCAO INC (02643) was invited to participate in the program "DialogueInnovative China" on the finance channel of China Central Television. The theme of this episode was "How can the battery swapping model help the automotive industry in its quality improvement during the '15th Five-Year Plan,'", jointly discussing the innovative practices and future prospects of the battery swapping model in China. Operating vehicles are important production tools in the travel industry, and CAOCAO INC has always focused on improving the quality and efficiency of operating vehicles. In the program, Yan Yonggui stated that the battery swapping model is the best choice for enhancing the capabilities of the travel industry. In the ride-hailing service provided by CAOCAO INC, battery swapping has demonstrated value in four dimensions: saving time, effort, and stress, while increasing earnings. The battery swapping stations jointly operated by CAOCAO INC and E-Net only take 60 seconds to complete a battery swap, with drivers not needing to exit the vehicle, as the swap can be done automatically while parked. According to statistics, the battery swapping model can increase the daily operational time of vehicles by 90 minutes, leading to an increase of around 1200 yuan in monthly revenue per vehicle. In addition to the increased operational time, the model also mitigates the risk of "losing orders" due to queuing or waiting for charging, truly achieving cost reduction and efficiency improvement. The battery swapping stations carry out centralized charging and real-time detection of batteries in a constant temperature and humidity environment, ensuring that substandard batteries do not enter the market, effectively ensuring vehicle and public safety. As of June 30, 2025, CAOCAO INC maintains over 37,000 customized vehicles in 31 cities, making it the largest fleet of customized vehicles in the country of its kind, all utilizing the battery swapping architecture. By the end of 2025, E-Net had deployed 446 battery swapping stations, with a total of 38.6 million battery swaps; the highest number of battery swaps at a single station in a day reached 600 times. According to Frost & Sullivan, compared to typical pure electric vehicles used in shared travel, CAOCAO INC's customized vehicles have reduced the average TCO by about 36.4%, verifying the efficiency of the battery swapping model in operational scenarios. Looking towards the future, CAOCAO INC is extending this advantage to the future Robotaxi field. The company is collaborating with Geely and relevant partners to develop a fully customized Robotaxi model pre-equipped with exclusive autonomous driving components and applications, still firmly adhering to the battery swapping architecture. This model will be unveiled this year, with plans to deploy 100,000 units by 2030. In December of last year, the company launched the world's first "Green Smart Mobility Hub," integrating functions such as automatic battery swapping, cleaning, and intelligent scheduling, which will expand in tandem with the scale of Robotaxi deployment, providing comprehensive automated operational support across all scenarios. The program pointed out that battery swapping, with policy guidance in China and resonance in the practices of businesses, has become one of the mainstream routes for replenishing new energy vehicles. It addresses the issue of "different lifespans of vehicle and battery," facilitating the construction of an integrated and standardized "production-supply-sales-recycling" loop for new energy vehicles, a system innovation that aligns with the interests of users, industry, and the country. CAOCAO INC's practices are not only commercial innovations at the enterprise level but also a proactive response to the country's "15th Five-Year Plan" for becoming an energy powerhouse. By constructing an efficient and safe battery swapping infrastructure network, the company is actively contributing to the improvement of green and low-carbon infrastructure in cities. In the future, as the battery swapping model integrates deeply with energy storage technology and interacts with the power grid, CAOCAO INC will continue to support the development of the industry and contribute to the achievement of the country's "dual carbon" goals.