Geely-backed ride-hailing platform Cao Cao Mobility to achieve carbon neutrality by 2030

Shanghai (Gasgoo)- Cao Cao Mobility, the ride-hailing platform of Chinese automaker Geely Auto, aims to achieve the goal of carbon neutrality by 2030 and targets zero emission for all mobility service orders by 2035, the mobility service provider announced on Jan. 13. 

Photo credit: Cao Cao Mobility

Cao Cao Mobility launched in last September the “N³ Strategy”, which refers to New Car (custom ride-hailing models), New Power (New Energy), and New Ecosystem. Under the strategy, the platform plans to utilize the strengths and resources of Geely's mobility ecology and Suzhou's strong industrial ecology to advance the development of an integrated mobility ecosystem.

The unveiling of the goal for carbon neutrality indicates that Cao Cao Mobility has set a timeline for the implementation of the aforesaid new-type green development strategy.

Cao Cao Mobility said it will steadily decrease the emissions of greenhouse gases on the basis of achieving growth in operational scale and market share, by adopting such measures as upgrading service lineup and vehicle models, and iterating technologies and algorithm.

The concrete planning for realizing carbon neutrality will be issued in the future, a person with Cao Cao Mobility revealed.

Established in 2015 and backed by Geely Technology Group, Cao Cao Mobility principally engages in offering green mobility services with new energy vehicles (NEVs). A report issued in last May showed that Cao Cao Mobility's NEVs had driven for 7.63 billion kilometers, resulting in 534 million liters of fuel oil and 1,083,500 tonnes of carbon emissions reduced.