CAOCAO INC Aims to Extend Robotaxi Services to 100 Cities in the Next Ten Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Source: aastocks
Company Overview: CAOCAO INC (02643.HK) experienced a decline of 3.059% in stock value, with short selling activity reported at $409.99K and a ratio of 0.786%.
Strategic Goals: CEO Gong Xin announced a strategic goal to expand Robotaxi services to 100 cities and achieve a gross transaction value (GTV) of RMB100 billion within the next decade.
Operational Plans: The company plans to launch demonstration operations in Hangzhou and Suzhou by February 2025 for technology verification and small-scale testing.
Transition to Unmanned Operations: CAOCAO INC is transitioning from 'main driver safety officer' roles to unmanned operations, while also exploring mixed operations with both manned and unmanned driving.
Analyst Views on 02643
Wall Street analysts forecast 02643 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02643 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.280
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Current: 33.280
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
