On June 12th, PATEO (ASX: 02889) announced it has entered into a strategic partnership with MININGLAMP-W (ASX: 02718). The two companies will engage in deep collaboration across several key areas, including in-vehicle AI computing infrastructure, scenario-based services for smart cockpits, and the commercialization of a Token-based economy. Together, they aim to establish a platform that connects AI, vehicles, and user demand.
This initiative will utilize a Token economy as its foundational business logic, aiming to create a complete closed loop that integrates brand marketing budgets, consumption of in-vehicle AI computing power, and user scenario-based consumption. The partnership seeks to explore innovative business models centered on the concept of the "smart cockpit as a traffic portal."
Synergistic Strengths: Merging AI Platform Capabilities with Data Intelligence
PATEO is a globally leading AI platform company with strong hardware engineering capabilities, possessing integrated competencies across software, hardware, chips, and cloud services. Its business spans the entire value chain, including smart cockpits, intelligent operating systems, domain controllers, TSP platforms, large AI models, and in-vehicle IoT. The company has extensive experience in deploying edge-side hardware and operating large-scale in-vehicle scenarios, holding the top market share in China for front-load standard cockpit domain controllers in self-owned brand passenger vehicles priced above 250,000 RMB. Since its inception, PATEO has focused on R&D, accumulating over 6,000 intellectual property applications and serving more than 50 global automotive brands across 200+ vehicle models, consistently driving the large-scale application of in-vehicle intelligence and AI technology.
MININGLAMP-W is a leading Chinese enterprise in Agentic Services with self-developed model capabilities. Leveraging its proprietary enterprise-grade trusted business intelligence platform, DeepMiner, it integrates multi-source data and brand client marketing resources to precisely align brand marketing needs with end-consumption scenarios. The company serves over 2,100 major domestic and international enterprises across sectors like consumer goods, industry, and F&B, and its standardized SaaS products have more than 240,000 SME clients. MININGLAMP-W has deep expertise in marketing intelligence and operational intelligence.
The Token Economy: From Value Anchor to In-Vehicle Commercial Loop
The core of this collaboration is the Token economy. In March 2026, the National Data Bureau, at the China Development Forum, officially designated the term "Token" as "词元" (Ciyuan), describing it not only as a value anchor for the intelligent era but also as a "settlement unit" connecting technological supply with commercial demand. Data indicates that by March 2026, China's daily average Token calls had exceeded 140 trillion, a growth of over 1000 times since early 2024, marking a phase of rapid expansion for AI development in the country.
The business logic of a Token economy is particularly clear in the automotive context. The industry currently faces a paradox: the more popular AI features become, the higher the inference costs. The partnership between PATEO and MININGLAMP-W aims to resolve this dilemma by integrating the computational power consumption of in-vehicle AI, Agent tasks, and brand marketing budgets into a unified system for value measurement and distribution. This shifts the model from a one-time hardware fee to a continuous revenue-sharing model based on "hardware entry points + AI platform + Token value circulation."
Specifically, PATEO will provide the in-vehicle AI computing infrastructure, AI Box hardware entry points, and vehicle application scenarios. MININGLAMP-W will contribute its AI Agent technology and industry service expertise for brands. Together, they will build a precision recommendation engine to deploy intelligent services in scenarios like restaurant recommendations en route, destination shopping guides, and consumption during charging waits. They will establish a performance-based marketing payment model and a multi-party clearing and settlement mechanism, thereby completing the "brand budget – vehicle computing power – user service" loop.
Furthermore, the two companies are jointly developing an "AI × Vehicle" technological foundation. Through an edge-cloud coordination mechanism, high-frequency interactions will be processed locally while complex tasks are scheduled in the cloud. They are also co-developing access standards and data exchange formats to provide the underlying technical support for scenario-based marketing services.
Ongoing Expansion: PATEO's Token Ecosystem Accelerates
This partnership continues PATEO's strategic focus on the Token economy. On June 8th, the company signed a tripartite strategic cooperation framework agreement with Xunce and Saimu Technology to jointly research and develop a Token-based physical AI world model, establish a "Token World Model Alliance," and launch a "TokenOS Enhancement Module." Earlier, the company had already collaborated with NVIDIA and leading OEM new energy vehicle manufacturers to deploy AI Boxes based on NVIDIA DRIVE AGX Thor, exploring innovative business models such as computing power billing and in-vehicle Token charging.
Through these multiple initiatives, PATEO is accelerating the construction of a complete ecosystem around the Token economy model, spanning from vehicle-side computing power and data infrastructure to marketing commercialization. The collaboration with MININGLAMP-W is expected to further streamline the value conversion chain and advance the commercial implementation of the "smart cockpit as a traffic portal" concept. As the Token economy rapidly penetrates high-frequency scenarios like smart vehicles, the company is positioned to be among the first to successfully implement a complete closed loop for in-vehicle AI value circulation, providing a replicable practical model for business model transformation within the smart automotive industry.
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