CaoCao: Asset Management Holds Key to Winning Autonomous Driving Race, Targets 100,000 Driverless Cars by 2030

(SeaPRwire) –   HANGZHOU, China, April 16, 2026 — Amidst growing competition within China’s robotaxi industry, Geely-backed ride-hailing platform CaoCao (02643.HK) is working to establish itself as a leading operator. In an exclusive interview, CEO Gong Xin stated the company’s goal is to operate 100,000 self-driving vehicles by 2030, boosting efficiency by managing the entire process from vehicles and technology to daily operations.

According to Gong Xin, the success of robotaxis depends on an asset management model centered on the integrated cycle of “vehicle production, self-driving technology, and fleet management.” CaoCao launched its first batch of 100 autonomous taxis in Hangzhou in late 2025. The firm intends to remove all safety drivers from its vehicles this year, at a time when most Chinese autonomous cars still rely on human supervisors. On April 1, CaoCao gained authorization for unmanned vehicle testing in Hangzhou, making it the city’s first company to receive such approval.

Central to this strategy is a dedicated robotaxi, developed over two years. Designed specifically for autonomy with deeply integrated hardware and software, the vehicle is set for its initial launch this year before entering volume production in H1 2027. To facilitate its services, the company is repurposing Geely’s battery-swap infrastructure into “Green Intelligent Mobility Hubs.” These will serve as charging, docking, and maintenance points for robotaxis, with provisions for future eVTOL (electric vertical take-off and landing) aircraft. CaoCao aims to introduce these hubs in five to six Chinese cities within the year.

Gong Xin emphasized that asset management is fundamental for controlling costs and improving efficiency, which contributed to the company posting its first quarterly profit in Q4 2025. “The future robotaxi business is fundamentally an asset management model. Our primary focus is whether the total cost of ownership (TCO) is sufficiently low overall.”

For its international strategy, CaoCao has identified the Middle East as a primary focus. An agreement was signed last November to introduce robotaxis in Abu Dhabi and open a regional headquarters. Gong Xin indicated that the vehicles are slated to begin operations by year-end, and the company’s asset management framework can be quickly deployed in other suitable markets.

Contact Person: Jing Liu   
Email: Jing.Liu3@caocaoglobal.com