HK Stock Movement | PATEO (02889) Rises Over 3% Against Market Trend as a Smart Cockpit Solution Provider; Institutions Optimistic About Annual Profitability by Next Year

Stock News11-19

PATEO (02889) surged over 3% against the broader market trend, rising 3.25% to HKD 171.4 by the time of writing, with a turnover of HKD 8.52 million.

In September this year, PATEO entered a strategic partnership with Porsche to jointly develop next-generation in-vehicle infotainment systems for the Chinese market, slated for deployment across multiple Porsche models starting in 2026. This marks the company's first large-scale entry into the global luxury automotive supply chain.

In October, PATEO further strengthened its position by partnering with SenseTime to drive integrated innovation in AI-powered smart cockpits, large-scale models, and robotics.

Guotai Haitong released a research report highlighting that amid accelerating automotive intelligence trends, smart cockpits—as a core interactive gateway—continue to expand. PATEO has established a clear growth trajectory through its technological capabilities, customer base, product upgrades, and international collaborations.

With expanding revenue scale, recovering gross margins, and improved operational efficiency, the company's profitability is expected to reach a substantial inflection point, potentially achieving its first annual profit by 2026.

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