Caocao Mobility, the ride-hailing arm of Geely Holding Group, has announced an ambitious ten-year plan to deploy robotaxi services in 100 cities worldwide and achieve a cumulative gross transaction value of 100 billion yuan (approximately $14 billion). To support this expansion, the company plans to establish five global operations centers over the next decade.
At a launch event yesterday, Caocao Mobility unveiled the Green Smart Transit Hub, described as the world’s first multi-functional facility designed specifically for autonomous vehicle operations. The hub integrates automated battery swapping, exterior washing, interior cleaning, intelligent dispatch, and automatic payment settlement. It is also equipped with reserved landing pads and charging interfaces for future electric vertical take-off and landing (eVTOL) vehicles, reflecting the company’s vision for next-generation urban mobility infrastructure.
The company outlined a three-phase development roadmap for its robotaxi services. Phase one focused on technology validation and small-scale pilot operations. The current phase centers on transitioning from safety-driver operations to fully driverless services, alongside testing a hybrid model that mixes human-driven and autonomous vehicles. The final phase will scale up fully autonomous fleets across multiple markets.
Since its founding in 2015, Caocao Mobility has positioned itself as a new-energy vehicle sharing ecosystem. In 2024, the platform generated 16.9 billion yuan (about $2.4 billion) in gross transaction value, capturing a 5.4 percent share of China’s shared mobility market—second only to the market leader. On June 25, 2025, Caocao Mobility completed its initial public offering on the Hong Kong exchange, becoming the tenth company within the Geely group to list publicly.
Caocao Mobility joins other major Chinese automakers in developing ride-hailing platforms, including T3 Mobility (a joint venture of FAW, Dongfeng, and Changan), SAIC Mobility, and Ruqi Mobility. The company’s latest strategy underscores the growing integration of autonomous technologies and sustainable solutions in urban transportation.
Source: CarNewsChina
