
Geely-backed Caocao targets 200,000 autonomous cars under AI overhaul
This pivot comes as it seeks to evolve from a ride-hailing operator into a broader physical AI mobility platform.

This pivot comes as it seeks to evolve from a ride-hailing operator into a broader physical AI mobility platform.

The company’s production-ready systems have been deployed in more than 10 countries and regions across Asia, Europe and Oceania.

The launch marks a significant shift for Waymo, which has historically relied on modified production vehicles, toward a purpose-built platform designed specifically for fully autonomous transportation.

The model integrates Geely’s electric vehicle manufacturing capabilities, its G-ASD L4 autonomous driving system, and Caocao’s decade of ride-hailing operational data.

Beyond near-term financial improvement, the company used the earnings release to outline an unusually detailed robotaxi roadmap, positioning autonomous mobility as its next major growth engine.