On November 10, at the DRIFTx International Exhibition in Abu Dhabi, CAOCAO INC announced a partnership with the Abu Dhabi Investment Office (ADIO), with both parties signing a memorandum of cooperation.
Under the agreement, ADIO will assist CAOCAO INC in establishing a local office and operational center in Abu Dhabi, serving as a strategic hub for its Middle East expansion. This collaboration will lay the groundwork for autonomous vehicle testing, technology localization, supply chain development, and ecosystem collaboration.
A key focus of the partnership is promoting sustainable mobility solutions centered around electric and battery-swapping vehicles. CAOCAO INC plans to introduce its large-scale, proven battery-swapping network and operational model from the Chinese market to Abu Dhabi, integrating it into the local green energy ecosystem.