AI and Operational Systems Jointly Drive as CaoCao Mobility Expands Commercialization Space for Purpose-Built Robotaxis
On August 27, CaoCao Mobility (02643.HK) released its interim results for the six months ended June 30, 2026, and disclosed the company’s phased progress in AI transformation and Robotaxi business. During the reporting period, the company continued to advance the RoboX strategy, building a trinity full-factor closed-loop ecosystem of “intelligent purpose-built vehicles + intelligent driving technology + intelligent operations“, exploring the collaborative pathway for purpose-built Robotaxis from vehicle R&D to operational deployment.
Financial data shows that in the first half of 2026, CaoCao Mobility achieved total revenue of RMB10.3 billion, up 9.0% year on year; mobility service revenue reached RMB9.8 billion, up 13.9% year on year; platform GTV reached RMB12.4 billion, up 13.6% year on year. As of June 30, the company’s service network covered 215 cities across China, with 20 new cities added in the first half; average monthly active users reached 44.6 million, up 17.1% year on year, and average monthly active drivers reached 758,000, up 36.8% year on year. Over the same period, the company’s gross margin improved to 9.0% from 8.7% in the same period last year. The existing business scale provides a foundation for new technology exploration and operational system construction.
On June 18, CaoCao Mobility launched the RoboX strategy, building a trinity full-factor closed-loop ecosystem of “intelligent purpose-built vehicles + intelligent driving technology + intelligent operations” to create a world-leading physical AI mobility technology platform. Different from simply focusing on autonomous driving vehicle performance, this layout considers vehicle products, driving technology, and operational services within the same system. For purpose-built Robotaxis, whether effective synergy can be formed among vehicle adaptation, technical capabilities, and daily operations will affect the pace of subsequent service deployment and scaled development.
In terms of vehicle R&D and deployment, CaoCao Mobility has deployed over 200 second-generation Robotaxis. The Eva Cab, unveiled in 2026, adopts a no-front-passenger-seat, steering-wheel-free design and is a model natively developed for autonomous driving mobility scenarios. According to the plan, the CaoCao Mobility deeply customized version will enter mass production in 2027, and the company plans to cumulatively deploy 100,000 Robotaxis by 2030. The development and subsequent deployment plan of the native model provide further support for the productization and operational expansion of purpose-built Robotaxis.
User service entry points are also changing. In June 2026, CaoCao Mobility accessed the Doubao AI ecosystem and jointly developed an AI ride-hailing service; on September 9, the service launched in Beijing, Hangzhou, and Suzhou. Users can initiate ride-hailing services by describing travel needs in natural language. Subsequently, related services were also integrated into AI entry points such as Honor YOYO and OPPO Xiaobu Next, promoting the extension of mobility services from traditional applications to system-level intelligent interaction scenarios. As AI demand identification, platform dispatching, and intelligent capacity continue to connect, it is expected to provide more possibilities for service access and user reach of purpose-built Robotaxis in the future.
Operational support is also an important component of the business layout. CaoCao Mobility has built the Green Intelligent Mobility Hub to provide vehicles with support such as energy replenishment, maintenance, and remote dispatching, exploring an infrastructure system adapted to intelligent driving operations. In overseas markets, the company focused on China Hong Kong and the UAE in 2026, cooperated with the Abu Dhabi Investment Office, and advanced project collaboration with K2 Group and May Mobility to explore Robotaxi operational opportunities in overseas markets.
From interim results to RoboX strategy implementation, CaoCao Mobility is incorporating existing mobility service networks, AI capabilities, native model R&D, and operational support into the same development framework. The subsequent progress of purpose-built Robotaxis depends not only on the iteration of vehicles and driving technology, but also on the synergy of service entry points, capacity dispatching, and supporting facilities. As related plans gradually advance, CaoCao Mobility’s practices will provide new industry samples for observing robotaxi commercialization pathways.