What the Research Shows (—or Doesn’t)
- No Mention in Company Disclosures
- CaoCao’s news section on its investor relations site does not list any partnership or agreement with “YiYi Power.” (ir.caocao.com.cn)
- Its Hong Kong stock-exchange filings (e.g., its amended articles of association) don’t mention such a collaboration. (HKEX News)
- Other Documented Partnerships
- CaoCao has announced cooperation with EVE Energy (a battery company) to promote green mobility. (evepower.com)
- It also recently signed an MoU with the Abu Dhabi Investment Office to explore deploying robotaxi services in the Middle East. (PR Newswire)
- No Reliable Media Report
- None of the major English- or Chinese-language business news sources, investor briefings, or PR channels mention “YiYi Power.”
- There are no press releases, regulatory filings, or company announcements about a “marketing agreement” with that name.
- Possible Reasons for the Confusion
- Name mix-up: It’s possible there was a miscommunication or misreporting, and the actual company is something else (similar-sounding name).
- Misinformation: The claim could stem from an unverified or speculative source, without real backing.
- Small / Unannounced Deal: It could be a very minor or internal agreement that hasn’t been publicly disclosed—but this is purely speculative, given how active CaoCao is in public announcements.
Analysis & Commentary
- Credibility Risk: Because there is no public, verifiable record of this “YiYi Power” deal, the claim appears doubtful at this time.
- Due Diligence Matters: For investors, analysts, or journalists, it’s a reminder to cross-check partnership claims with official filings or trusted news outlets.
- Potential Why It’s Rumored: Some rumors or third‑party content may confuse or conflate CaoCao’s other tech-partnerships (like with EVE Energy) with entirely different companies.
- Next Steps: To verify:
- Check CaoCao’s HKEX filings specifically (they often disclose partnerships in their prospectus / IPO documentation).
- Look for Chinese‑language press (since many of CaoCao’s operations are China-based) for more granular partnership news.
- Search business‑register databases or press‑release aggregators for “YiYi Power + CaoCao” in Chinese (拼音: “Yi Yi Dong Li / 易易动力 / etc.”).
- I couldn’t find any credible evidence for a deal between CaoCao Inc. and a company called “YiYi Power”. Based on my research, it seems likely that the reported “marketing agreement” is incorrect or misreported. Here’s a detailed breakdown (case‑study style) of what I found — and my analysis / commentary on why this claim is probably false or confused.
Case “Study”: Investigation of the Claimed CaoCao – YiYi Power Agreement
Case Study A: Searching for Public Disclosure
- I looked through recent CaoCao Inc. news, press releases, and investor / regulatory filings — no mention of “YiYi Power” appears.
- CaoCao’s 2025 interim results highlight its focus on autonomous driving (Robotaxi) and expansion of its purpose-built vehicle fleet. (jcnnewswire.com)
- Major recent partnerships for CaoCao include:
- A Memorandum of Understanding (MoU) with the Abu Dhabi Investment Office to deploy Robotaxi services in the Middle East. (PR Newswire APAC)
- A strategic cooperation deal with EVE Energy to integrate green-energy vehicles into its fleet. (evepower.com)
- A collaboration with Victory Securities to explore tokenisation of real-world assets, stablecoin payments, and RWA (real-world asset) financing. (Gasgoo)
- CaoCao’s Wikipedia page (in Chinese) also lists its main business lines, major partners, and strategic focus — but nothing about “YiYi Power.” (Wikipedia)
Conclusion from this case: If CaoCao really had a “marketing agreement” with a company named “YiYi Power,” we would expect to find disclosure in its investor relations, filings, or press, but we don’t.
Case Study B: Possible Source Confusion / Misidentification
Because there’s no public reference to “YiYi Power,” a few likely explanations emerge:
- Name Confusion
- It’s possible that “YiYi Power” is a mistranslation, a typo, or a mishearing of a different partner. Chinese business names often get transliterated differently, so “YiYi” might refer to something like 易易 (Yi Yi) — but no source confirms such a company in partnership with CaoCao.
- For example: there is a company 易易互联 (Yiyi Hulian) in the “换电 (battery swap)” space. In a Geely-related PDF, it’s mentioned in relation to battery‑swap stations. Still, that is not “YiYi Power” as a marketing partner of CaoCao — and no public agreement is documented.
- Misinformation or Rumor
- The claim could originate from an incorrect secondary source (blog, social media) that has been repeated without verification.
- It’s not uncommon for rumors about partnerships in fast-growing tech & mobility firms to spread before being officially confirmed — but without reliable sourcing, these remain speculative.
- Unannounced / Small Deal
- There’s a slim possibility: this “agreement” is now in very early/pre‑public stage, and/or is very small, so not yet disclosed in major financial or investor‑relations reports.
- But given CaoCao’s size, strategy, and how they publish major partnerships (e.g., with EVE Energy, ADIO), even moderate deals are typically reported.
Commentary & Interpretation
- Credibility Risk: Because there’s no verifiable source for “YiYi Power” in relation to CaoCao (in business news, regulatory filings, or official announcements), the claim has very low credibility at this time.
- Due Diligence Importance: Anyone referencing or analyzing this supposed agreement should be cautious — they should demand proof (e.g., press release, filing) and avoid basing decisions on unverified reports.
- Strategic Focus Misalignment: CaoCao is clearly doubling down on autonomous mobility (Robotaxi), green shared mobility, and asset tokenisation — not on generic “marketing deals.” Their business direction (per their interim report) seems quite focused. (jcnnewswire.com)
- Possibility of Rebrand or Mis‑Naming: There may be a misunderstanding in naming. “YiYi Power” could be an erroneous translation of a Chinese company (or a subsidiary) that is collaborating with CaoCao—but no credible business or investor‑relations source confirms this yet.
Bottom Line
- No solid evidence currently supports the claim that CaoCao Inc. has signed a marketing agreement with “YiYi Power.”
- The most likely explanations are:
- There was a name mix-up or mistranslation.
- The claim is based on rumor or speculation.
- If true, it’s very early-stage or small, but not yet publicly disclosed.
- Until more reliable information appears (e.g., in CaoCao’s investor filings or reputable media), it’s safer to treat this as unsubstantiated.