Core Viewpoint - The collaboration between Cao Cao Mobility and Victory Securities marks a significant step in integrating Real World Assets (RWA) with digital financial tools, aiming to enhance the Robotaxi ecosystem and unlock the value of green transportation assets [2][3]. Group 1: Strategic Collaboration - Cao Cao Mobility signed a strategic cooperation memorandum with Victory Securities to explore RWA tokenization, stablecoin payment applications, and compliant digital currency issuance [2]. - This partnership represents the first systematic exploration of RWA and stablecoins in the domestic transportation industry, focusing on financial technology innovation to activate core assets [2][4]. Group 2: Robotaxi Development - Cao Cao Mobility is steadily expanding its Robotaxi fleet, having launched pilot services in Suzhou and Hangzhou, with plans for a custom L4-level Robotaxi model [3]. - The Robotaxi business is characterized by stable, long-term, and predictable operations, making it a promising candidate for RWA [3]. Group 3: Financial and Environmental Impact - The company has processed 598 million ride-hailing orders in 2024, with a 51.8% year-on-year growth in the first quarter of 2025 [3]. - All custom vehicles are electric, contributing to a reduction of over 3.1 million tons of carbon emissions, aligning with global green finance trends [3]. Group 4: Regulatory and Market Opportunities - With Victory Securities' compliance license and experience in asset management, Cao Cao Mobility is positioned to issue RWA funds or asset-backed tokens under Hong Kong's regulatory framework [4]. - This initiative opens innovative financing pathways and enhances transparency for global investors regarding the company's operational foundation and quality green assets [4].

Group 1 - The core viewpoint of the article highlights significant developments in the automotive industry, particularly focusing on strategic investments and IPOs in electric vehicle and ride-hailing sectors [1][4]. Group 2 - Seres Automotive has successfully attracted strategic investments amounting to up to 5 billion RMB, increasing its registered capital from 9.96 billion RMB to approximately 10.084 billion RMB [2][3]. - In Q1 2025, Seres achieved a revenue of 19.147 billion RMB and a net profit of 748 million RMB, marking a year-on-year growth of 240.6%, positioning it as an attractive investment target in the automotive sector [3]. Group 3 - Cao Cao Mobility has made its debut on the Hong Kong Stock Exchange, planning to issue 44.1786 million shares at a price of 41.94 HKD per share [5]. - As of the end of March 2025, Cao Cao Mobility expanded its coverage to 146 cities, with a year-on-year order volume increase of 51.8% and revenue reaching 4.2 billion RMB, alongside a gross margin rise to 8.5% [6]. - The company plans to launch a custom L4-level Robotaxi model designed for autonomous driving by the end of 2026, indicating a clear timeline for advancements in autonomous ride-hailing technology [6].