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Cao Cao Mobility (02643.HK) CEO Targets Annual Profit in 2026, Plans to Launch Autonomous Taxi Service in Hong Kong
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Gong Xin, Chief Executive Officer (CEO) of Cao Cao Mobility (02643.HK), said the companys losses narrowed by 49% last year and it aims to achieve full-year profitability in 2026, with expectations to capture more than 15% market share in the autonomous driving segment. Gong said the company began deploying autonomous taxis last year and is currently operating about 100 vehicles in Hangzhou. It plans to expand the business to five to six cities this year, with around 100 vehicles deployed in each city. In terms of overseas expansion, the company plans to enter two to three overseas markets and launch services in Hong Kong. Gong also revealed that the company will roll out a dedicated autonomous taxi model in 1H26 and begin mass production next year. (ta/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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