Stock Track | CAOCAO INC Soars 5.45% Intraday on Citi Visit and Robotaxi Expansion Plans

Stock Track

03/27

CAOCAO INC's stock price soared 5.45% during intraday trading on Friday, reflecting significant investor optimism.

The surge appears to be driven by recent positive developments in the company's autonomous driving business. Earlier in the day, it was reported that Ernesto Torres Cantú, President of Citi's Global Consumer Banking, visited Hangzhou to experience CAOCAO INC's Robotaxi service. During the visit, company executives presented their strategic roadmap and global expansion plans for autonomous taxi operations. CAOCAO INC has already deployed 100 Robotaxis in Hangzhou and launched the world's first "Green Smart Mobility Hub." Furthermore, the company is collaborating with Geely to develop a fully customized Robotaxi model, with plans to deploy a cumulative total of 100,000 units by 2030.

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