Hong Kong-listed CaoCao hails fleet-first strategy as China’s robotaxi race gathers pace
SCMP Tech / 4/5/2026
💬 OpinionSignals & Early TrendsIndustry & Market Moves
Key Points
- Hong Kong-listed, Geely-backed robotaxi firm CaoCao is promoting a “fleet-first” strategy as China’s robotaxi race accelerates.
- The company aims to reach 100,000 autonomous vehicles by 2030, positioning tighter control over vehicles, technology, and operations as the route to efficiency.
- CaoCao’s approach emphasizes scaling real deployments (fleet management and operational execution) rather than focusing primarily on early tech demonstrations.
- The article frames CaoCao’s plan as part of broader competitive momentum among robotaxi providers in China.
- Overall, CaoCao is betting that large-scale fleet operations will create a performance and cost advantage in autonomy-driven mobility services.
Chinese ride-hailing company CaoCao, backed by Geely, is betting on a heavy-asset strategy to emerge as a leading robotaxi operator, with plans to deploy 100,000 autonomous vehicles by 2030 as competition intensifies and self-driving technology matures.
In an interview with the South China Morning Post, CEO Gong Xin said the future of robotaxis hinged on an asset-management model built around a closed-loop “trinity” of vehicle manufacturing, autonomous driving technology and fleet...
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