Core Viewpoint - Cao Cao Mobility (02643.HK) and Yujing Technology (02432.HK) have signed a strategic cooperation agreement to explore innovative applications of robotics technology in the operation of Robotaxi services, focusing on vehicle cleaning, maintenance, and energy replenishment [1] Group 1 - The collaboration aims to upgrade the operation and maintenance system towards automation and intelligence, providing technical support and infrastructure for the large-scale implementation of Robotaxi [1] - Yujing Technology's humanoid robot Atom has been introduced as one of the first "smart employees" at the "Green Intelligent Passage Island," achieving validation in multiple application scenarios [1]

Group 1 - The core viewpoint is that Caocao Travel, a leading technology-based ride-hailing platform in China, is expected to achieve high-quality expansion through its collaboration with Geely Holding Group and its strategic focus on autonomous driving [1][2] - Caocao Travel, founded in 2015 and incubated by Geely Group, is the second-largest ride-hailing platform in China, with a projected GTV of 94.56 billion yuan in 2024, reflecting a year-on-year growth of 53.50% [1][2] - The company benefits from significant synergy with its parent company's comprehensive industrial layout in automotive manufacturing, new energy technology, and intelligent driving, enhancing its competitive edge [1][2] Group 2 - The shared mobility market in China is projected to reach 8 trillion yuan by 2024, with the shared mobility segment expected to grow from 344.4 billion yuan in 2024 to 800 billion yuan by 2029, at a CAGR of 17.0% [2] - The competitive landscape of the industry is characterized by a dominant player and several strong competitors, with the top five platforms holding an 86% market share [2] - The company is leveraging its platform's traffic advantages and technological empowerment to standardize its service offerings, enhancing brand image and driver loyalty [3] Group 3 - The global market for autonomous driving services is expected to reach 359.6 billion dollars by 2035, with increasing technological advancements and user acceptance driving commercialization [4] - The company is actively piloting autonomous taxi services in cities like Suzhou and Hangzhou, positioning itself to benefit from future commercial operations [3][4] - The integration of ecological and industrial chain synergies is identified as a core competitive advantage for the company, enabling standardized supply and economic optimization [3]

Core Viewpoint - Company is positioned as a leading technology-driven ride-hailing platform in China, leveraging its integration with Geely Holding Group to achieve high-quality expansion and strategic development in autonomous driving [1][4] Group 1: Company Overview - Caocao Travel, founded in 2015 and incubated by Geely Group, is the second-largest ride-hailing platform in China based on projected GTV for 2024 [1] - The company reported revenue of 9.456 billion yuan in the first half of 2025, reflecting a year-on-year growth of 53.5%, with a steady increase in gross margin and improved operational metrics [1] Group 2: Market Potential - The Chinese ride-hailing market is projected to reach 8 trillion yuan by 2024, with the shared mobility segment expected to grow from 344.4 billion yuan in 2024 to 800 billion yuan by 2029, at a CAGR of 17% [2] - The competitive landscape is characterized by a dominant player and several strong competitors, with a high concentration in regional markets [2] Group 3: Service and Technology - The company is enhancing its brand image and driver loyalty through standardized ride services and is actively piloting autonomous taxi services in cities like Suzhou and Hangzhou [3] - Four core competitive advantages identified include ecological integration, standardized supply and economic optimization, differentiated brand perception, and technology-driven operational innovation [3] Group 4: Autonomous Driving Market - The global market for autonomous ride-hailing services is expected to reach 359.6 billion dollars by 2035, with favorable conditions for commercialization driven by technological advancements and policy support [4] - The company's collaboration with its parent group is anticipated to create significant competitive barriers and enable it to capitalize on market opportunities [4]

Core Insights - The seventh Global Intelligent Driving Conference was held in Suzhou, focusing on technology trends, regional policies, and cooperation paths to build a new global development pattern for intelligent driving [1] - Cao Cao Mobility's CEO, Gong Xin, announced the upcoming launch of Robotaxi 2.0, emphasizing the arrival of the Robotaxi era and the opportunities it presents [1][10] Market Potential - By 2035, it is expected that there will be 1.9 million Robotaxis operating in China, with a market size exceeding 320 billion RMB [3] - The development of multi-sensor fusion, BEV architecture, end-to-end systems, and large models will significantly enhance the reliability of intelligent driving technology [3] Future Mobility Landscape - The future of shared mobility will involve a mixed operation model of human-driven and autonomous vehicles, leading to a highly centralized ride-hailing platform [5] - Intelligent cabins will evolve into mobile living spaces and personal assistants for users, creating new employment opportunities within the Robotaxi industry [5] Technological Advancements - As of February 28, 2023, Cao Cao Mobility launched the "Cao Cao Zhixing" platform in Suzhou and Hangzhou, marking the pilot phase of Robotaxi 1.0 with over 38,000 kilometers of autonomous driving road tests completed [7] - The company is transitioning from strategic leadership to tactical leadership in the Robotaxi sector, leveraging its partnership with Geely Holding Group [7] Future Outlook - The upcoming Robotaxi 2.0 aims to advance towards automation, scalability, commercialization, and globalization [10] - The company plans to respond to the global intelligent driving conference's initiative for intelligent connected vehicles while creating a safer, smarter, more efficient, and greener future mobility paradigm [10]

Core Insights - The seventh Global Intelligent Driving Conference was held in Suzhou, focusing on technology trends, regional policies, and cooperation paths to build a new global development pattern for intelligent driving [1] - CEO of Cao Cao Mobility, Gong Xin, announced the upcoming launch of Robotaxi 2.0, emphasizing the arrival of the Robotaxi era and the opportunities it presents [1][10] Market Potential - By 2035, it is expected that there will be 1.9 million Robotaxis operating in China, with a market size exceeding 320 billion RMB [3] - The development of multi-sensor fusion, BEV architecture, end-to-end systems, and large models will significantly enhance the reliability of intelligent driving technologies [3] Future Mobility Landscape - The future of shared mobility will involve a mixed operation model of human-driven and autonomous vehicles, leading to a highly centralized platform for Robotaxi services [5] - Intelligent cabins are expected to transform into mobile living spaces and personal assistants for users, indicating a broader evolution of the shared mobility industry beyond just transportation [5] Technological Advancements - As of February 28, this year, Cao Cao Mobility launched the "Cao Cao Zhixing" platform, marking the pilot phase of Robotaxi 1.0, with over 38,000 kilometers of autonomous driving road tests completed [7] - The company is transitioning from strategic leadership to tactical leadership in the Robotaxi sector, supported by Geely Holding Group [7] Future Outlook - The upcoming Robotaxi 2.0 aims to advance towards automation, scalability, commercialization, and globalization, aligning with global initiatives for intelligent connected vehicles [10] - The company envisions creating a safer, smarter, more efficient, and greener future mobility paradigm during the golden age of Robotaxis [10]

Core Insights - Abu Dhabi Investment Office (ADIO) has announced a partnership with Cao Cao Mobility to accelerate the application of smart mobility in Abu Dhabi [1] - As part of the agreement, Cao Cao Mobility will establish a regional headquarters in Abu Dhabi to facilitate its expansion in the UAE [1] - This collaboration aligns with the Smart and Autonomous Vehicle Industry Cluster (SAVI) focusing on a "policy-infrastructure-industry" synergy to bring technology into real-world scenarios [1]

Core Viewpoint - The company, Cao Cao Travel (02643), has entered into a marketing service framework agreement with Yiyi Internet, aimed at promoting battery swapping services in China from January 1, 2026, to December 31, 2028 [1] Group 1: Agreement Details - The agreement is set for a duration of three years, focusing on marketing services related to battery swapping operations [1] - The collaboration is expected to leverage the company's driver base and ecosystem resources to enhance the promotion and user adoption of battery swapping services in cities where the company operates [1] Group 2: Expected Outcomes - The partnership is anticipated to improve operational synergies and increase energy replenishment efficiency, thereby enhancing the value proposition for drivers [1] - It aims to strengthen user engagement with the company's travel services and support a broader electrification ecosystem [1] Group 3: Financial Terms - The pricing arrangements within the agreement reflect relevant costs and market practices, established under normal commercial terms [1]

Core Viewpoint - Cao Cao Mobility (02643.HK) announced the resignation of co-secretaries and the appointment of new co-secretaries as part of its development strategy [1] Group 1 - Zhong Xueyin has submitted his resignation as co-secretary of the company, effective from November 20, 2025 [1] - Wu Dongcheng has also submitted his resignation as co-secretary, authorized representative, and legal document agent, effective from November 20, 2025 [1] - Liu Junxian has been appointed as co-secretary of the company, effective from November 20, 2025 [1] Group 2 - Tan Yongzi has been appointed as co-secretary, authorized representative, and legal document agent, effective from November 20, 2025 [1]

Core Viewpoint - The company, Cao Cao Travel, has entered into a three-year marketing service framework agreement with Yiyi Interconnect, aimed at promoting battery swapping services in China, which is expected to enhance operational synergies and user engagement [1] Group 1: Agreement Details - The marketing service framework agreement will commence on January 1, 2026, and will last until December 31, 2028 [1] - The agreement involves providing marketing services to Yiyi Interconnect and/or its contacts regarding battery swapping services [1] Group 2: Expected Benefits - The collaboration is anticipated to leverage the company's driver base and ecosystem resources to support the promotion and user adoption of battery swapping services in operational cities [1] - It is expected to improve energy replenishment efficiency, thereby enhancing the value proposition for drivers and increasing user participation in the company's travel services [1] - The agreement reflects standard commercial terms and pricing arrangements based on relevant costs and market practices [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 CaoCao Inc. 曹操出行有限公司 （於開曼群島註冊成立的有限公司） （股份代號：02643） 持續關連交易 營銷服務框架協議 營銷服務框架協議 於2025年11月20日，本公司與易易互聯訂立營銷服務框架協議，自2026年1月1 日起至2028年12月31日止為期三年，據此，本集團將就易易互聯及╱或其聯繫 人於中國運營的換電服務之推廣及用戶獲取事宜，向易易互聯及╱或其聯繫人 提供若干營銷服務。 易易互聯由吉利控股全資擁有，而吉利控股由李先生直接擁有82.23%權益。於 本公告日期，李先生間接持有本公司約77.1%的已發行股份，合計控制本公司約 81.0%的表決權。因此，李先生為本公司的控股股東及關連人士。由於易易互聯 為李先生的聯繫人，故其為本公司的關連人士。因此，營銷服務框架協議項下 擬進行的交易構成上市規則第14A章項下本公司的持續關連交易。 鑒於有關訂立營銷服務框架協議的一項或多項適用百分比率 ...