Hong Kong-listed Robotaxi Stocks: Caocao Chuxing Accelerates Autonomous Driving Ecosystem Buildout to Forge New Growth Curve for Smart Mobility

In recent years, as autonomous driving, intelligent connectivity and new energy technologies continue to mature, the mobility industry is embracing a new round of transformation. Against this backdrop, enterprises with operational capabilities, technology synergy and proven experience in large-scale deployment have become the focus of industry attention. As one of the representative Hong Kong-listed Robotaxi Stocks​ debuting on the Hong Kong capital market in 2025, Caocao Chuxing is leveraging its years of accumulation in the shared mobility sector to advance its Robotaxi commercialization roadmap and progressively build an integrated smart mobility ecosystem covering ride-hailing services, autonomous driving and corporate travel solutions.

Launched in 2015 as a strategic business under Geely Holding Group’s “New Energy Vehicle Sharing Ecosystem,” Caocao Chuxing has evolved from a pure-play ride-hailing platform into a smart mobility enterprise spanning ride-hailing, Robotaxi and corporate travel services. On June 25, 2025, Caocao Chuxing officially listed on the Main Board of the Hong Kong Stock Exchange (stock code: 02643.HK), emerging as one of the most closely watched smart mobility players among Hong Kong-listed Robotaxi Stocks​ and further cementing its market influence as a Hong Kong-listed Robotaxi Stocks​ representative.

Deepening Mobility Services to Build Foundation for Scalable Operations

In the shared mobility space, operational capability remains a core competitive edge for platforms.

As of June 30, 2025, Caocao Chuxing’s service network covered 163 cities across China, including key hubs such as Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Suzhou. By adopting a collaborative model with fleet partners, the company has continuously enhanced its service coverage and market penetration.

Financial data shows that in the first half of 2025, Caocao Chuxing recorded revenue of RMB 9.456 billion, up 53.5% year-on-year; mobility service revenue reached RMB 8.6 billion, up 49.8% year-on-year; and gross transaction value (GTV) of mobility services hit RMB 10.95 billion, up 53.6% year-on-year. Over the same period, the company’s average monthly active users (MAU) stood at 38.1 million, up 57.4% year-on-year, while average monthly active drivers reached 554,000, up 53.5% year-on-year.

This sustained growth in order volume and user base provides critical support for Caocao Chuxing’s upcoming Robotaxi rollout and gives it a solid operational foundation among Hong Kong-listed Robotaxi Stocks.

Purpose-built Robotaxi Fleet Highlights Differentiated Competitiveness

Unlike traditional ride-hailing platforms, a defining feature of Caocao Chuxing lies in its deep involvement in vehicle operation system development.

As of June 30, 2025, the company operated over 37,000 purpose-built robotaxis​ across 31 cities, making it the largest purpose-built fleet of its kind in China. Through deep collaboration with Geely Holding Group, Caocao Chuxing has built strong advantages in vehicle R&D, quality management and operational efficiency.

Meanwhile, continuous optimization of vehicle operating costs has further bolstered the platform’s development. Leveraging Geely’s E-Easy battery swap network within its ecosystem, 448 swap stations are already in operation, enabling battery swaps in as fast as 60 seconds. For vehicle maintenance, support from 133 Geely-authorized service outlets has reduced average vehicle servicing and repair time by 25% and costs by 54%, respectively.

This full-lifecycle vehicle operation system has accumulated rich experience for future large-scale Robotaxi commercialization platform​ operations and further strengthened Caocao Chuxing’s competitive edge as a Hong Kong-listed Robotaxi Stocks​ player.

Robotaxi Business Enters Accelerated Growth Phase

As the autonomous driving industry moves steadily toward commercialization, Robotaxi is becoming a key direction for future mobility.

As Geely Holding Group’s most important commercialization vehicle for Robotaxi, Caocao Chuxing has established a “three-in-one” development model integrating “smart purpose-built vehicles + autonomous driving technology + smart operations.” This model merges vehicle manufacturing, autonomous driving technology and platform operation capabilities to form a closed-loop system covering the entire Robotaxi value chain.

In February 2025, the Caocao Zhixing autonomous driving platform was officially launched, with pilot Robotaxi operations commencing in Hangzhou and Suzhou. Since then, the company has continued to deploy next-generation Robotaxis while refining capabilities such as automated dispatch, remote safety assurance and digital asset management.

As of February 2026, Caocao Chuxing had deployed 100 Robotaxis in Hangzhou’s Binjiang District, supported by the world’s first Green Smart Mobility Hub. Integrating functions such as automated battery swapping, smart dispatching, vehicle cleaning and automated settlement, this facility explores new models for future large-scale commercial Robotaxi operations.

Under its roadmap, Caocao Chuxing plans to deploy a cumulative total of 100,000 fully customized Robotaxis by 2030, further advancing the development of autonomous mobility services.

Strengthening Ecosystem Synergy and Expanding Global Footprint

Beyond Robotaxi deployment, Caocao Chuxing is actively promoting industrial ecosystem development and international expansion.

In 2025, the company entered into strategic partnerships with firms including Time Space Daoyu, Volant Aerotech, and Dobot. Among these, Time Space Daoyu’s satellite communication technology has been applied to Robotaxi fleet operations, further improving vehicle online rates and safety assurance capabilities; Volant Aerotech is supporting the company’s exploration of “integrated air-ground-space” future mobility scenarios.

On the international front, Caocao Chuxing has released overseas ride-hailing service guidelines covering Singapore, South Korea, Malaysia, Thailand, the Philippines, Vietnam and other markets. The company also signed a memorandum of understanding with the Abu Dhabi Investment Office to jointly advance pilot deployments of autonomous driving and green mobility technologies locally, kicking off its exploration of global Robotaxi operations.

Additionally, through the acquisition of Yaochuxing and Geely Corporate Travel, Caocao Chuxing has expanded its presence in the corporate services market, building a one-stop smart mobility platform covering individual mobility, corporate travel and premium service scenarios.

Conclusion

From a shared mobility platform to an explorer of autonomous driving commercialization, Caocao Chuxing continues to push the boundaries of its development. With an operational network spanning 163 cities, a fleet of over 37,000 purpose-built robotaxis, and its “smart purpose-built vehicles + autonomous driving technology + smart operations” model, the company is steadily refining its Robotaxi industry layout.

Against the backdrop of accelerating china robotaxi commercialization status, Caocao Chuxing—as a prominent player among Hong Kong-listed Robotaxi Stocks—is combining operational strength, industrial synergy and technological innovation to explore more efficient, intelligent and sustainable future mobility models, providing a practical benchmark for the broader China robotaxi market.