Caocao Mobility Debuts on Hong Kong Stock Exchange, Emerging as Hong Kong's Largest Tech-Driven Mobility Platform
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Author:小编   

Caocao Mobility has officially listed on the Hong Kong Stock Exchange's main board, marking its position as the largest mobility platform within the Hong Kong stock market. The company intends to harness the extensive resources of the Geely Group to expedite the tailored development of online ride-hailing services, autonomous driving technology, and strategic positioning in the new energy sector. As of March 2025, Caocao Mobility's presence has expanded to encompass 146 cities, with a notable 54.9% year-on-year increase in gross transaction value (GTV) during the first quarter. Revenue soared to RMB 4.2 billion, while gross margin climbed to 8.5%. By the close of 2024, the company operated over 34,000 customized vehicles, solidifying its status as China's largest customized fleet. The GTV of these customized models surged to 25.1%. By introducing innovative battery-swapping models like the Maple Leaf 80V and Caocao 60, coupled with smart cabin technology and efficient maintenance services, Caocao Mobility has effectively minimized vehicle operating costs.