Caocao Mobility, the ride-hailing platform under Geely, unveiled its “Ten Years, Hundred Cities, Hundred Billion” global strategy for robotaxi services and launched the world’s first multi-functional “Green Smart Transit Hub” yesterday.
Gong Xin, CEO of Caocao Mobility, announced the company’s plan to establish five global operation centres over the next decade, expanding robotaxi services to 100 cities worldwide and aiming for a cumulative Gross Transaction Value (GTV) of 100 billion yuan (14 billion USD).
The newly activated Green Smart Transit Hub is a facility designed to streamline autonomous vehicle operations. Gong Xin detailed its integrated functions, which include automatic battery swapping, automatic cleaning, vehicle interior tidying, intelligent dispatch, and automatic settlement. The hub is future-proofed with reserved eVTOL (electric vertical take-off and landing) landing pads and charging interfaces, laying the groundwork for future urban mobility infrastructure.
Caocao Mobility also outlined its “three-step” development path for its Robotaxi business. The initial phase focused on technology verification and small-scale test operations. The current stage involves a critical transition from operations with a safety driver to fully driverless operations, alongside exploring a hybrid model of human-driven and autonomous vehicles.
About Caocao Mobility
Major Chinese automakers have established their own ride-hailing platforms. Examples include T3 Mobility, a joint venture by FAW, Dongfeng, and Changan; SAIC Mobility by SAIC; and Ruqi Mobility by GAC.
Caocao Mobility, established by Geely Holding Group in 2015, operates as a “new energy vehicle sharing ecosystem.” In 2024, Caocao Mobility’s GTV from its ride-hailing platform reached 16.9 billion yuan (2.37 billion USD), securing a 5.4% market share in the shared mobility sector. This places it second only to Didi, which recorded a GTV of 219.6 billion yuan (30.8 billion USD) and a 70.4% market share in the same year.
On June 25 of this year, Caocao Mobility was listed on the Hong Kong Stock Exchange and became the 10th company within the Geely group to be listed.
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