PATEO (02889) Rises Nearly 7% Again, Secures Multiple Overseas Smart Cockpit Project Contracts from Automakers

Stock News11-26

PATEO (02889) surged nearly 7% again, with a 5.41% increase at the time of writing, trading at HK$189.1 and recording a turnover of HK$15.3037 million. The company recently announced that it has received multiple project contracts, including a "Project Contract Notice" from a leading premium new energy vehicle manufacturer. PATEO has been selected as the supplier for the cockpit domain controller in the overseas 8295 platform's integrated hardware and software project. Additionally, the company received a series of "Project Contract Notices" for automotive intelligentization projects from a global top-tier automaker, under which PATEO will provide high-end integrated smart cockpit domain hardware and software core products and solutions worldwide. Public information shows that PATEO is a leading smart cockpit solution provider in China. Industry experts believe the recent influx of project contracts demonstrates that PATEO's full-stack intelligent solutions have established strong competitiveness among international premium automakers. The two major projects are both overseas development contracts, marking the company's transition from "technology export" to "large-scale supply chain globalization."

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