--- title: "Hong Kong stock movement: PATEO surged 20.50%, leading a new trend in smart cars with deep cooperation with NVIDIA!" type: "News" locale: "en" url: "https://longbridge.com/en/news/283916940.md" description: "PATEO surged 20.50%; Fuyao Glass rose 0.48%, with a transaction amount reaching HKD 23.41 million; Hesai-W fell 2.24%, with a transaction amount reaching HKD 14.01 million; Minth Group rose 1.66%, with a transaction amount reaching HKD 6.36 million; Zhongxin Innovation fell 0.75%, with a market value of HKD 60.9 billion" datetime: "2026-04-24T01:33:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283916940.md) - [en](https://longbridge.com/en/news/283916940.md) - [zh-HK](https://longbridge.com/zh-HK/news/283916940.md) --- # Hong Kong stock movement: PATEO surged 20.50%, leading a new trend in smart cars with deep cooperation with NVIDIA! **Hong Kong Stock Movement** PATEO surged 20.50%. Based on recent key news: 1. On April 22, PATEO signed a strategic cooperation agreement with Horizon, becoming one of the first signed clients of Horizon Starry Sky®. The two parties will carry out in-depth cooperation in the field of smart vehicles, promoting the integration and innovation of AI technology in smart cockpits, intelligent driving, and robotics, leading to a stock price increase of 19.93%. Source: Zhitong Finance 2. On April 23, PATEO reached a deep cooperation with a leading OEM new energy vehicle company and NVIDIA, receiving a notification for the new generation of smart vehicle models, and developing AI BOX solutions based on the NVIDIA DRIVE AGX Thor accelerated computing platform to promote the deployment of large AI models in vehicles, continuing to drive the stock price up. Source: Zhitong Finance 3. On April 23, PATEO announced its cooperation with NVIDIA to promote the implementation of large AI models in vehicles and the application of high-performance computing platforms, marking a further consolidation of the company's core position in the smart vehicle industry chain. Source: Zhitong Finance. The technological innovation in the smart vehicle industry is accelerating, and risks need to be monitored. **Stocks with High Trading Volume in the Industry** Fuyao Glass rose 0.48%. Based on recent news: 1. On April 23, Fuyao Glass was affected by a 5.2% year-on-year decline in global automotive production, although the company's shipment volume only decreased by 3.7%, indicating a continuous increase in market share. Goldman Sachs maintained a buy rating with a target price of HKD 73. 2. On April 21, Fuyao Glass disclosed its first-quarter report, showing a year-on-year revenue growth of 5.08%, but a net profit decline of 15.68%, mainly due to a foreign exchange loss of RMB 439 million. 3. On April 22, Fuyao Glass founder Cao Dewang stated at the shareholders' meeting that if faced with severe losses, the company would close its U.S. factory, demonstrating a tough stance on geopolitical and tariff risks. The global automotive industry's production is declining, and cost pressures are increasing. Hesai-W fell 2.24%. Based on recent key news: 1. On April 21, Hesai Technology announced a strategic elevation to promote the development of physical AI, emphasizing the leap from spatial perception to spatial intelligence. This move is seen as an important direction for the company's future development, potentially affecting investor confidence and leading to stock price fluctuations. Source: Zhitong Finance 2. On April 23, the lidar industry shifted from a price war to a value war, with the intelligent driving industry on the eve of a turning point. Hesai Technology emphasized performance improvements during its technology open day event, which may affect market expectations. Source: Shanghai Securities News 3. On April 21, CMB International maintained a buy rating for Hesai Group with a target price of HKD 269.66, reflecting market confidence in its long-term growth potential. Source: Huigang Communications. The turning point in the intelligent driving industry is approaching, and the market is paying attention. Minth Group rose 1.66%. Based on recent key news: 1. On April 23, China Merchants Securities International released a report indicating that the domestic automotive industry is significantly recovering in the second quarter, with a slowdown in price wars and raw material cost pressures being digested. Minth Group has gained medium to long-term growth flexibility due to the continuous advancement of its new businesses such as humanoid robots and liquid cooling technology, driving the stock price up Source: China Merchants Securities International Automotive Industry Recovery, Price War Slows Down. **Stocks Ranked Among the Top in Industry Market Value** Zhongxin Innovation fell 0.75%. Based on recent key news: 1. On April 21, Zhongxin Innovation established Zhongchuang Kaibo Technology Co., Ltd. with a registered capital of 100 million yuan, with business scope including battery manufacturing and sales of complete electric vehicles. This move demonstrates the company's expansion plans in the battery manufacturing and new energy vehicle sectors, which may have a positive impact on its stock price. 2. On April 21, CATL released the Kirin condensed battery, marking the large-scale mass production of solid-liquid hybrid battery technology for passenger vehicles. Zhongxin Innovation's commercial vehicle applications in the solid-liquid hybrid battery field have also gained attention, which may affect its market competitiveness. 3. On April 22, Zhijie V9 issued a production target of approximately 120,000 units annually to suppliers. As one of the battery suppliers, Zhongxin Innovation may benefit from this production plan, enhancing market expectations. 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