CAOCAO INC Shares Surge Nearly 6% on RoboX Strategy Launch and Hong Kong Expansion

Stock News

06/24

Shares of CAOCAO INC (HKEX: 02643) maintained strong gains throughout the trading session, closing up 5.76% at HK$24.6, with a turnover of HK$73.55 million.

Strategic Announcement Drives Momentum

The company recently announced a comprehensive AI transformation and the official launch of its RoboX strategy, aiming to build a world-leading physical AI mobility technology platform.

International Expansion Underway

Concurrently, the company has entered a strategic partnership with Hong Kong's Octopus card system, designating Hong Kong as the first stop in its internationalization plan to accelerate the commercial deployment of Robotaxi services.

Significance of the Hong Kong Move

This entry into the Hong Kong market represents a critical step in the company's global expansion and a significant attempt to accelerate its autonomous mobility strategy on the international stage.

Ambitious Long-Term Goals

As a key milestone under the RoboX strategy, the company has unveiled an ambitious global "Dual 100,000 Plan": to cumulatively deploy 100,000 Robotaxis and 100,000 Robovans by 2030, establishing a large-scale intelligent mobility network covering both passenger and cargo transportation scenarios.

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