Core Viewpoint - Caocao Travel (02643) has seen a significant increase in stock price, rising over 6% to reach a new high of 44.95 HKD, indicating strong market interest and potential growth in the ride-hailing sector [1] Company Overview - Caocao Travel is a ride-hailing platform incubated by Geely Group, having obtained its operating license by the end of 2016 and currently covering 136 cities in China as of December 2024 [1] - The company launched a smart electric custom vehicle in 2022, with over 34,000 units deployed across 31 cities [1] - A pilot Robotaxi service is set to launch in Suzhou and Hangzhou in February 2025, with plans to develop L4 level Robotaxi vehicles in collaboration with Geely Group, expected to be released by the end of 2026 [1] Market Potential - According to a report from CITIC Construction Investment Securities, as the company expands into more cities and increases orders from aggregation platforms like maps and local services, it is expected to enhance its market share [1] - The collaboration with Geely Group in advancing autonomous driving technology positions the company to benefit from the manufacturing capabilities of leading automotive firms and the potential for large-scale commercialization of Robotaxi services [1]

Core Insights - Recently, Fujian Jiyou Technology Co., Ltd. was established with a registered capital of 20 million RMB [1] - The company is wholly owned by Suzhou Jili Youxing Electronic Technology Co., Ltd., which is a subsidiary of Hangzhou Youxing Technology Co., Ltd., associated with Cao Cao Travel [1] Company Overview - The legal representative of Fujian Jiyou Technology Co., Ltd. is Li Zhiyu [1] - The business scope includes research and development of emerging energy technologies, sales of new energy vehicles, wholesale of auto parts, and sales of new energy vehicle battery swap facilities [1]

Core Viewpoint - The strategic partnership between Cao Cao Mobility and the aerospace company Time Space Dao Yu aims to enhance autonomous driving safety standards by integrating satellite communication and high-precision positioning technology into their Robotaxi operations [1][3][7] Group 1: Strategic Partnership - Cao Cao Mobility announced a strategic collaboration with Time Space Dao Yu to utilize their existing 30 satellites for improving autonomous driving safety [1][3] - This partnership positions Cao Cao Mobility as the first global platform to fully integrate low-orbit satellite communication and centimeter-level high-precision positioning technology in Robotaxi operations [3][4] Group 2: Safety and Technology Integration - The integration of satellite communication ensures real-time data transmission and emergency reporting, maintaining reliable connections between vehicles and control centers [4][5] - Cao Cao Mobility's autonomous driving platform will achieve centimeter-level positioning accuracy, even in complex urban environments, enhancing operational safety [5][6] Group 3: Market Response and Future Plans - Following the announcement, Cao Cao Mobility's stock price increased by 4.56%, indicating market confidence in its Robotaxi business potential [3] - The company plans to launch a custom L4-level Robotaxi model by the end of 2026, designed for long-term operation with lower total cost of ownership (TCO) [7]

Core Viewpoint - The strategic partnership between Cao Cao Mobility and the aerospace company Time Space Dao Yu aims to enhance the safety standards of autonomous driving through satellite communication and high-precision positioning technology, marking a significant step towards the commercialization of Robotaxi services [1][3][10]. Group 1: Strategic Partnership and Technology Integration - Cao Cao Mobility announced a strategic cooperation with Time Space Dao Yu to utilize its existing 30 satellites for improving autonomous driving safety [1]. - The collaboration will explore the integration of global satellite communication and high-precision positioning technology for managing and operating autonomous vehicle fleets [3]. - This initiative positions Cao Cao Mobility as the first global platform to fully integrate low-orbit satellite communication and centimeter-level high-precision positioning technology in Robotaxi operations [3][10]. Group 2: Safety and Operational Enhancements - The partnership aims to ensure that vehicles are "always online and never disconnected," enhancing real-time data transmission and emergency reporting capabilities [6]. - Vehicles will achieve centimeter-level positioning accuracy, even in complex urban environments, ensuring reliable operation under adverse weather conditions [7]. - Cao Cao Mobility's existing ride-hailing services have demonstrated a significantly lower accident rate compared to industry averages, indicating a strong focus on safety [5]. Group 3: Future Developments and Market Position - The company plans to launch a custom L4-level Robotaxi model by the end of 2026, designed specifically for autonomous driving with lower total cost of ownership [10]. - Cao Cao Mobility's integration with Geely Group's resources positions it as a key player in the future of shared mobility, with a comprehensive ecosystem that includes vehicle manufacturing, autonomous driving technology, and operational platforms [9][10]. - Following the announcement of the partnership, Cao Cao Mobility's stock price increased by 4.56%, reflecting market confidence in its Robotaxi business potential [3].

| 中国新城镇(01278) | 0.141 | 0.147 | 5.00% | | --- | --- | --- | --- | | 中华汽车(00026) | 59.000 | 60.000 | 4.71% | | 中粮家佳康(01610) | 1.870 | 2.020 | 4.66% | | 原生态牧业(01431) | 0.325 | 0.340 | 4.62% | | 招商局中国基金(00133) | 16.920 | 16.940 | 4.57% | | 沪港联合(01001) | 0.440 | 0.460 | 4.55% | | 曹操出行(02643) | 41.300 | 41.800 | 4.50% | | 派格生物医药－Ｂ | 15.440 | 15.600 | 4.14% | | (02565) | | | | | 中银大湾气候(03129) | 11.260 | 11.190 | 4.09% | | 国锐生活(00108) | 0.980 | 1.040 | 4.00% | | 德康农牧(02419) | 102.800 | 110.000 | 3.77% | | 中远海运港口( ...

Group 1: Hong Kong Stock Market Movements - Jin Jing New Energy (01783) rose over 4.5% as the Hang Seng Index company is set to release its mid-year review results on August 22, with changes effective from September 8 [1] - Paper stocks in Hong Kong continued to rise, with Nine Dragons Paper (02689.HK) increasing over 7%, recording five consecutive gains, while Lee & Man Paper (02314.HK) rose about 5% [1] - Airline stocks saw significant gains, with China National Aviation (0753.HK) up over 7%, driven by the Civil Aviation Administration's emphasis on enhancing the industry’s competitive landscape [1] - Renrui Talent (06919) surged over 19% after announcing a positive earnings forecast, expecting revenue of approximately RMB 2.49 billion to 2.69 billion for the year ending June 30, 2025, representing a year-on-year growth of 21.1% to 30.8% [1] Group 2: Other Notable Stock Movements - China Antibody-B (03681) increased over 8% after entering into subscription agreements for the issuance of 182 million new shares at a subscription price of HKD 2.03 per share [2] - Fufeng Group (00546) rose over 4% with an expected net profit of RMB 1.74 billion for the first half of the year, a 67% increase year-on-year, attributed to higher sales and lower raw material costs [2] - Cao Cao Travel (02643) gained over 4%, reaching a new high following a strategic partnership with a leading commercial aerospace company [2] - NIO-SW (09866) rose over 8%, with a cumulative increase of over 40% in the month [2] Group 3: US Stock Market Highlights - Kohl's (KSS.US) saw a dramatic increase of nearly 90%, becoming a popular "meme stock" among retail investors, closing at $14.34, up 37.62% [3] - Daqo New Energy (DQ.US) closed at $24.60, with a rise of 16.75%, as silicon material prices have been on the rise, with an increase of 25-35% recently [3] - General Motors (GM.US) stock fell by 8.12% to $48.89, with the CFO indicating potential tariff impacts of up to $5 billion this year [3] - The Nasdaq Golden Dragon China Index rose 1.35%, with notable gains in Chinese concept stocks, including PONY.US up 8.62% and NIO.US up 10.84% [3] Group 4: Additional Stock Movements - Faraday Future (FFAI.US) surged over 43% after receiving a non-binding order for 1,000 vehicles valued at up to $100 million [4] - Most new energy vehicle stocks rose, with Lucid Group (LCID.US) closing at $3.13, an increase of about 11% [4] - Circle (CRCL.US) fell by 8.23% after a downgrade from "neutral" to "sell" by Compass Point Research [4] - Replimune (REPL.US) dropped 77% after the FDA rejected its application for a combination therapy for advanced melanoma, citing insufficient evidence [4]

7月22日，据时空道宇消息，时空道宇与曹操出行达成战略合作。双方计划共同探索全球卫星通信与高 精定位技术在自动驾驶车队管理与运营中的应用，为未来卫星数据服务在Robotaxi等新型出行方式中实 现规模化落地奠定基础。(智通财经) ...

智通财经APP获悉，7月22日，曹操出行(02643)宣布与吉利控股集团旗下的商业航天公司时空道宇达成 深度战略合作。双方将依托"吉利星座"卫星网络及相关技术，共同探索将全球卫星通信与厘米级高精定 位技术应用于曹操智行自动驾驶平台的运营车辆管理，并计划实现Robotaxi车辆标配相关卫星应用产品 及服务。 这标志着曹操出行有望成为全球首个在Robotaxi运营中全面整合低轨卫星通信与高精定位技术的出行平 台。该技术整合旨在解决自动驾驶规模化运营的两大核心痛点： 通信安全冗余： 集成卫星通信能力，确保车辆(尤其在偏远地区或地面网络失效时)能保持与控制中心的 实时数据传输与紧急状态上报，为远程监控、调度和紧急干预提供"永不失联"的底层保障。 此次将卫星通信服务引入Robotaxi，是曹操出行追求"极致安全"理念的延续，为自动驾驶高速发展阶段 的到来奠定更坚实基础。 吉利生态高效协同，加速Robotaxi规模化落地 此次合作是吉利智能出行科技生态高效协同的体现。 曹操出行基于定制车已验证的服务标准化能力、成本优化路径和资产管理体系，结合此次卫星技术加 持，将进一步夯实其推动Robotaxi服务规模化落地的能力。 公 ...

Core Insights - Jinko Electronics' Chairman, Xiao Guowei, emphasized Hong Kong's role as a "super connector" in linking global capital with Chinese technological innovation, advocating for the integration of Hong Kong with the Greater Bay Area while maintaining its international advantages in research and finance [1][2] - The company has successfully leveraged the supply chain and industrial synergy advantages of the Greater Bay Area, ensuring efficient operations and rapid response capabilities through strategic locations in Guangzhou and Hong Kong [2][3] - Jinko Electronics is committed to sustainable development through continuous investment in green technologies, focusing on energy-efficient LED solutions and advocating for Hong Kong's role in green finance and ESG disclosures [2][3] Company Strategy - The company has established a "dual-engine" strategy by building a headquarters in Nansha, Guangzhou, and a technology R&D platform in Hong Kong, balancing national strategy with global development [2] - Jinko Electronics plans to enhance its technological R&D and innovation investments while exploring opportunities in Southeast Asia to provide efficient delivery and technical support to global clients [3] - The company has completed an investment in Cao Cao Travel, acquiring 374,200 shares at a price of HKD 41.94 per share, totaling approximately HKD 16 million, to strengthen its collaboration with Geely Group in the smart automotive ecosystem [3][4] Investment Principles - Jinko Electronics adheres to investment principles that focus on empowering the industrial chain and maintaining controllable risks, targeting companies with technological innovation capabilities and advantageous business models [4] - The company aims to deepen vertical integration and core technology positioning through strategic investments, enhancing both capital appreciation and industrial competitiveness [4]

Group 1 - In the first half of 2025, significant events occurred in the mobile travel sector, including major financing rounds and IPOs [1] - Xiangdao Mobility completed a C-round financing of over 1.3 billion RMB, marking the largest single financing in the industry in nearly three years, and announced plans for a Hong Kong IPO [3][4] - The financing history of Xiangdao Mobility shows a progressive increase in funding, with previous rounds including 1 billion RMB in B-round and 300 million RMB in A-round [4] Group 2 - Pinba Mobility announced the completion of a multi-million RMB Pre-A round financing, which will be used to expand its national market presence and enhance AI integration in travel scenarios [5][6] - Caocao Mobility was listed on the Hong Kong Stock Exchange, becoming the largest travel platform in the Hong Kong market [6][8] - Caocao Mobility's chairman emphasized the need for innovation in shared travel and plans to enhance vehicle performance and service functions through collaboration with Geely Group [8] Group 3 - The automatic driving sector is witnessing advancements, with Caocao Mobility launching Robotaxi pilot operations in Suzhou and Hangzhou, indicating a shift towards automated driving solutions [14] - Pony.ai and ComfortDelGro announced a partnership to launch Robotaxi services in Guangzhou, marking a significant step in the commercialization of autonomous driving technology [16] - The overall market for mobile travel is evolving, with increased regulatory scrutiny and a focus on compliance among various platforms [12]