Beijing (ZXZC)- Recently, Cao Cao Mobility, a leading ride-hailing service platform backed by Geely, announced a strategic partnership with Ronghe Electric Technology. This 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 services such as ride-sharing, vehicle leasing, and sales in China. Since 2021, the company has focused on custom vehicle solutions and fleet services, providing users with a high-quality, personalized mobility experience. This innovative business model has also improved vehicle operation efficiency and helped drivers boost 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 committed to advancing the new energy vehicle industry by delivering comprehensive solutions that enhance the green transportation value chain.

The partnership between the two companies will focus on expanding into new cities, optimizing operations in existing ones, and promoting vehicle reuse. Both companies plan 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.