CAOCAO INC (02643) saw its shares rise more than 6% during the trading session. At the time of writing, the stock was up 3.90%, trading at HKD 36.28, with a turnover of HKD 136 million.

The company recently announced that it has deployed a fleet of 100 Robotaxi vehicles in the Binjiang District of Hangzhou. This deployment of 100 vehicles in Hangzhou marks a critical starting point for CAOCAO INC's Robotaxi 2.0 phase. As the fleet size increases, the company will further validate service reliability and refine its fulfillment processes and passenger experience. Concurrently, the company has launched the world's first "Green Intelligent Transit Hub" in Hangzhou. This facility features automated battery swapping, automated cleaning, vehicle interior tidying, intelligent dispatching, and automated settlement functions. It is designed to support fleet operations while continuously enhancing the automated operational capabilities for large-scale Robotaxi services.

Dongwu Securities stated that the company has a clear commercialization pathway for its Robotaxi business, building a closed-loop ecosystem encompassing vehicles, technology, and operations. Guotai Haitong Securities expressed the view that, in anticipation of the future of mobility, the company is comprehensively upgrading its strategy from "N-cube" to "F-cube," focusing on fully intelligent custom-built vehicles, autonomous driving, and automated operational systems. Leveraging technological empowerment from Geely's "Qianli Zhijia" initiative, the company plans to launch an L4-level custom Robotaxi model by 2026 and has set a global strategic target of "hundred cities and hundreds of billions in revenue within ten years." As driver cost structures are reconfigured, Robotaxi services have the potential to redefine the industry's profitability ceiling.