ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Lotus Announces Strategic Partnership with CaoCao Mobility to Launch Intelligent Driving Platform for Robotaxis

NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, announced Lotus Robotics, its intelligent driving arm, has established a strategic partnership with CaoCao Mobility, a prominent ride-hailing service provider in China. Lotus Robotics and CaoCao Mobility have launched an innovative intelligent mobility platform for robotaxis, representing a major breakthrough in intelligent mobility for the rail-hailing industry.

This partnership integrates Lotus Robotics’ cutting-edge intelligent driving solutions with CaoCao Mobility’s proven operational expertise in large-scale ride-hailing services to accelerate the deployment of intelligent ride-hailing services across China and beyond. Leveraging CaoCao Mobility’s network spanning 35,000 enterprises in 57 cities, coupled with Lotus Robotics-powered-intelligent-driving-platform, the partnership aims to establish a first-mover advantage in the intelligent mobility sector.

On February 28, 2024, CaoCao Mobility hosted the launch ceremony for its CaoCao Zhixing Autonomous Driving Platform, announcing the successful establishment of China’s first intelligent driving ecosystem featuring deep integration across three core elements: intelligent manufacturing, intelligent driving technology, and intelligent operations. Concurrently, CaoCao’s robotaxis equipped with Lotus Robotics’ intelligent driving system have started pilot operations in Suzhou and Hangzhou. This pilot program marks the commencement of scaled commercial deployment of robotaxi services, signifying a critical milestone in intelligent autonomous mobility solutions.

Building on the success, Lotus Robotics is collaborating with regional partners including Aramco Digital in the GCC region to explore global opportunities. Lotus Robotics continues to pioneer industry-leading innovations, with advanced features such as mapless Urban Navigate on Autopilot and high-precision navigation capabilities scheduled for global deployment in Q4 2025, subject to regional regulations.

As previously announced, Lotus Robotics has provided end-to-end intelligent driving solutions to both Lotus-brand intelligent vehicles and other global leading OEMs such as Lynk&Co, Farizon Auto and a leading European automaker. The Company expects that its intelligent driving business will further diversify its business portfolio with a range of high-margin revenue streams, accelerating its growth.

About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact Information
For investor inquiries
ir@group-lotus.com


Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.