CAOCAO INC Forges Strategic Alliance with K2 Group, Aims to Launch Initial Robotaxi Fleet in Abu Dhabi This Year

Stock News

06/26

CAOCAO INC (ASX: 02643) has announced the establishment of a strategic partnership with K2 Group, an AI technology company under the Abu Dhabi government. The collaboration aims to jointly advance the commercial deployment and operation of Robotaxi services within the United Arab Emirates.

This year, the partners intend to commence local testing initiatives in Abu Dhabi, with plans to deploy the first batch of Robotaxi vehicles. The joint effort will focus on promoting the development of the local Robotaxi service ecosystem.

Furthermore, both parties will explore opportunities for broader and more extensive cooperation in the field of autonomous driving across multiple regions in the future.

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