Strategic Partnership between Cao Cao Mobility and Ronghe Electric Technology
Beijing (Gasgoo)- Cao Cao Mobility, a leading ride-hailing service platform backed by Geely, has recently announced a strategic partnership with Ronghe Electric Technology. The collaboration aims to deepen cooperation in business expansions in new cities, vehicle operations, and financial services.
Signing ceremony; photo credit: Cao Cao Mobility
Cao Cao Mobility offers a range of services including ride-sharing, vehicle leasing, and sales in China. The company has been focusing on custom vehicle solutions and fleet services since 2021, aiming to provide users with a high-quality, personalized mobility experience. This unique business model has not only improved vehicle operation efficiency but also helped drivers increase their earnings.
Ronghe Electric Technology, a mixed-ownership reform pilot company under the State Power Investment Corporation, specializes in new energy transportation services. The company is dedicated to advancing the new energy vehicle industry by offering comprehensive solutions that enhance the green transportation value chain.
The partnership between Cao Cao Mobility and Ronghe Electric Technology will concentrate on expanding into new cities, optimizing operations in current locations, and promoting vehicle reuse. Both companies are planning to introduce a standardized product that integrates vehicles, financing, and platform services. By leveraging complementary customer resources, the collaboration aims to accelerate Cao Cao Mobility’s urban expansion efforts through vehicle leasing models and other innovative business strategies.
