According to its official website, Cao Caos travel is a strategic investment business of Geely Technology Group in the layout of new energy vehicle sharing ecology, which applies Internet, Internet of vehicles, automatic driving technology and new energy technology to the field of shared travel, and is committed to creating and providing a one-stop healthy, low-carbon and shared travel lifestyle for users.
Since this year, several subsidiaries of Caocao travel have announced capital increase, including Caocao travel Fuzhou company, Beijing company and wholly-owned subsidiary Dongguan Youhang Technology Co., Ltd., China Automobile News reported. In response, the reporter of the newspaper recently interviewed Pang Bo, vice general manager of Cao Caos travel. The main purpose of the capital increase is that we are optimistic about the domestic travel market and firmly believe that Cao Caos travel will get better and better as long as we do our best. The capital increase is mainly used to expand the market scale and continue to invest in operating vehicles. Pang Bo gave such a response to the recent capital increase of subsidiaries in various places where Cao Cao traveled.
Cao Caos trip was put into operation at the end of 2015. By January 2020, Cao Caos travel has been launched in 54 cities across the country, with 48000 vehicles and 33.8 million registered users.