CAOCAO INC (02643) enters the phase of road testing without safety officers for smart connected vehicles Robotaxi, achieving a milestone breakthrough in capabilities.

On April 1st, CAOCAO INC (02643) announced that it has obtained approval from the relevant management department to become the first company in Hangzhou to conduct road tests of intelligent connected vehicles without a safety operator. This marks a milestone breakthrough in CAOCAO INC's Robotaxi technology capabilities, ushering in a new era of unmanned operation. The transformation of Robotaxi is speeding up comprehensively. As the most important commercial vehicle of Geely Holding Group in Robotaxi, the company has become one of the few global technology travel platforms with all the elements of Robotaxi through its development strategy of "intelligent customized vehicle + intelligent driving technology + intelligent operation." In December 2025, the company released the Robotaxi 2.0 solution, launching the second generation Robotaxi, and exploring the transition from a main driver safety operator to unmanned operation. Currently, CAOCAO INC has deployed a fleet of Robotaxi vehicles in Hangzhou, with a scale of hundreds of vehicles, and plans to continue expanding the number of vehicles and the operating area. At the same time, the company has inaugurated the world's first "green intelligent passage island" in Hangzhou, integrating functions such as automatic battery swapping, automatic cleaning, vehicle maintenance, intelligent dispatching, and automatic settlement to provide efficient operational support for the Robotaxi fleet. In addition, the "CAOCAO Smart Driving RAS remote safety service platform" has also been put into operation, to provide remote real-time assistance and full-range safety monitoring responsibilities, further enhancing passenger safety and travel experience in Robotaxi operations. In 2026, the company plans to gradually expand into more domestic cities and explore the development of Robotaxi business in Hong Kong, as well as deploy Robotaxi in international markets. The company will apply its mature platform operation, intelligent dispatching, and asset management capabilities in the international market, and leverage the global network of Geely Holding Group to rapidly expand in suitable markets. In the future, CAOCAO INC will continue to work closely with Geely Holding Group, accelerating the development of fully customized Robotaxi, which is planned to be launched this year. The company plans to deploy 100,000 vehicles by 2030 and conduct commercial operations globally.