CAOCAO INC (02643) Surges Over 6% to New Listing High as Institutions See Market Share Growth Potential

Stock News

2025/08/01

CAOCAO INC (02643) jumped over 6%, reaching HK$44.95 to hit a new listing high. At the time of writing, the stock was up 6.14% at HK$44.95, with trading volume of HK$42.58 million.

According to public information, CAOCAO INC is a ride-hailing platform incubated by Geely Group. The company obtained its ride-hailing operating license at the end of 2016, and as of December 2024, its business covers 136 cities nationwide. In 2022, the company launched intelligent pure electric customized vehicles, and currently has deployed over 34,000 customized vehicles across 31 cities. Additionally, in February 2025, the company began piloting Robotaxi services in Suzhou and Hangzhou. The company is currently collaborating with Geely Group to develop L4-level Robotaxi customized vehicles, which are expected to launch by the end of 2026.

A research report points out that as the company gradually expands to more cities and further increases orders from aggregation platforms such as maps and local services, the company is positioned to enhance its market share. At the same time, backed by Geely Auto, the company is actively expanding autonomous driving technology and is expected to benefit from the growth potential brought by leading automakers' vehicle manufacturing capabilities and the large-scale commercial operation of Robotaxi services.

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At the same time, backed by Geely Auto, the company is actively expanding autonomous driving technology and is expected to benefit from the growth potential brought by leading automakers' vehicle manufacturing capabilities and the large-scale commercial operation of Robotaxi services.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02643","symbol_name":"曹操出行","start_time":0,"source_url":"","article_id":"1122656812","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122656812","pubTimestamp":1754030084,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CAOCAO INC (02643) jumped over 6%, reaching HK$44.95 to hit a new listing high. 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