World Intelligent Connected Vehicles Conference 2025 Opens: CAOCAO INC (02643) Announces Robotaxi Achieves Low Earth Orbit Satellite Communication

Stock News
Oct 16

On October 16, the World Intelligent Connected Vehicles Conference 2025 opened in Beijing, where CAOCAO INC (02643) announced the latest developments of its Robotaxi fleet. The company officially revealed that its Robotaxi fleet has integrated space-time DaoYu's satellite IoT communication technology and terminal products, making it the world's first mobility platform to scale the application of low earth orbit satellite communication technology in Robotaxi operations. During the conference, Geely Holding Group Chairman Li Shufu, who was invited to speak, stated that CAOCAO INC serves as the group’s most important commercial carrier for Robotaxi. He highlighted the exploration of stable and reliable real-time satellite IoT communication services through the Geely constellation in the Robotaxi fleet’s operations, which continuously enhances emergency response capabilities in extreme situations and improves operational safety.

The press conference focused on demonstrating key breakthroughs in communication technology for the CAOCAO INC Robotaxi fleet. CAOCAO INC's CTO Qiang Qi and space-time DaoYu's CTO Ding Sheng were present to share insights into the technical implementation details, strategic significance, and future collaboration directions. By integrating space-time DaoYu’s satellite IoT communication technology and terminal products, vehicles can maintain a stable connection with the operations center even in areas with unstable or interrupted 4G/5G signals, reporting vehicle location and trip status. This technology significantly improves safety redundancy and operational reliability for autonomous driving across various scenarios, including complex urban roads, intercity highways, and remote regions.

CTO Qiang Qi further elucidated the value of satellite communication in Robotaxi operations, stating, “Safety is a prerequisite for commercializing autonomous driving and the foundation of user trust. Introducing satellite communication not only increases communication channels but also aims to build a comprehensive safety system integrated with sky (satellite technology) and ground (vehicle intelligence), ensuring that users experience industry-leading safety when using CAOCAO Robotaxi at any time and place. Introducing satellite communication technology is a key step in achieving this goal.” This collaboration exemplifies the ecological synergy effect within Geely Holding Group.

CTO Ding Sheng pointed out, “The future of intelligent mobility relies on the support of an integrated information network spanning the sky and ground. The ‘Geely Constellation’ established by space-time DaoYu aims to provide critical information infrastructure for intelligent transportation. Currently, the ‘Geely Constellation’ has realized real-time coverage of 1 to 2 satellite communications within the latitude range of 60°N to 60°S. We are collaborating with CAOCAO INC for the comprehensive implementation of satellite services in mobility scenarios, effectively enhancing the safety保障 of Robotaxi.” As the most important commercial carrier of Robotaxi for Geely Holding Group, CAOCAO INC is accelerating the deployment of the second generation of Robotaxi vehicles while collaborating with Geely and business partners to develop customized vehicles with pre-installed proprietary autonomous driving components and related applications. Displaying these achievements at the World Intelligent Connected Vehicles Conference underscores CAOCAO INC's ecological advantages in the field of autonomous driving and highlights the innovative vitality of Chinese enterprises in exploring cutting-edge technologies in intelligent connected vehicles.

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