PATEO Shares Surge Over 7% During Trading on Back of Recent Strategic Partnerships Advancing AI Box Solutions

Stock News05-11 11:30

During the trading session, shares of PATEO (02889) rose more than 7%. As of the time of writing, the stock was up 4.29%, trading at HK$146 with a turnover of HK$107 million.

On the news front, on April 22, PATEO announced a strategic partnership with Horizon Robotics, becoming one of the first customers for its "Starry Sky" cockpit-driving fusion chip. The following day, April 23, the company issued another announcement stating it had reached a deep cooperation agreement with a leading new energy vehicle manufacturer and NVIDIA. The collaboration will involve developing an in-vehicle large model solution based on NVIDIA's DRIVE AGX Thor platform, making PATEO the first AI application company globally to secure a mass-production agreement for this chip.

Guosheng Securities pointed out that the company's core benefits stem from the high growth in deliveries of Harmony Intelligent Driving vehicle models and its comprehensive push for global expansion. Progress with overseas clients is ongoing and is expected to gradually contribute incremental gains. Since the fourth quarter of 2025, the company has secured new lifecycle orders nearing RMB 15 billion, indicating strong and certain growth momentum. Recently, PATEO has entered into a series of deep partnerships with a leading OEM in the new energy vehicle sector and NVIDIA to advance its AI box solutions, further strengthening its competitive edge.

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