On June 11, Cao Cao Mobility rose 6.9% in regular trading, trading at 32.1 HKD/share, with trading volume of 76.22 million HKD.

On the news front, the company announced on June 9 its plan to establish an independent AI division, aiming to complete a strategic transformation from a mobile internet company to an AI-native company. The company has listed a Chief AI Officer position on recruitment platforms with total compensation exceeding 10 million yuan, responsible for formulating AI strategy and technology roadmaps, building core AI capabilities, and driving full-chain AI empowerment across business operations.

Additionally, the company repurchased 65,000 shares on June 10 for approximately 1.9 million HKD, signaling management confidence. Cao Cao Mobility has been accelerating its Robotaxi business layout, having been approved as the first company in Hangzhou to conduct unmanned road testing. It plans to deploy 100 Robotaxi vehicles in Shanghai within the year, with a custom Robotaxi slated for mass production in 2027 and cumulative deployment of 100,000 units by 2030.

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