Stock Track | CAOCAO INC Soars 8.76% Intraday on Robotaxi Fleet Expansion and Positive Broker Outlook

Stock Track

02/12

CAOCAO INC's stock surged 8.76% during the intraday session, reflecting significant investor optimism.

The sharp rise follows the company's announcement that it has deployed a fleet of 100 Robotaxi vehicles in Hangzhou, marking a key starting point for its Robotaxi 2.0 phase. Concurrently, CAOCAO INC launched the world's first "Green Intelligent Transit Hub" in the city, featuring automated battery swapping, cleaning, and dispatching systems to support large-scale operations.

Brokerages highlighted a clear commercialization path for the Robotaxi business, noting the company is building a closed-loop ecosystem and upgrading its strategy to focus on fully intelligent vehicles and autonomous driving. With plans to launch an L4-level custom Robotaxi model by 2026 and a global expansion target, the service is seen as redefining the industry's profitability ceiling as driver cost structures evolve.

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