HK Stock Market Move | CAOCAO INC (02643) increases by more than 7% during trading and will showcase the first indigenous developed Robotaxi prototype car from China at the Hong Kong International Auto Show.

CAOCAO INC (02643) rose more than 7% during trading hours, rising by 5.79% to HK$25.5 as of press time, with a trading volume of HK$41.99 million. In terms of news, recently, Yang Xueliang, Senior Vice President of Geely Holding Group, revealed at the 2026 Hong Kong Car Show press conference that CAOCAO INC will showcase China's first domestically developed Robotaxi prototype at the Hong Kong Car Show and plans to expand its Robotaxi business in Hong Kong as a strategic foothold for global right-hand drive markets. At the same time, the autonomous driving industry has been heating up recently. On May 21st, Tesla officially announced that the supervised version of FSD can be used in China, boosting the market's attention to Robotaxi and the intelligent driving industry chain. It is reported that CAOCAO INC's Robotaxi business has been accelerating this year. In April, the company was approved to be the first enterprise in Hangzhou to conduct unmanned road testing for Robotaxi, marking the official entry of its Robotaxi business into the unmanned testing stage. More recently, CAOCAO INC announced a strategic partnership with Shanghai International Automobile City and plans to deploy 100 Robotaxi vehicles in Shanghai this year to accelerate the scale landing of the Robotaxi business in first-tier core cities. It is generally believed in the industry that with the company's share buyback and the continuous advancement of the Robotaxi business, market expectations for the valuation repair of CAOCAO INC are increasing.