PATEO(02889.HK)

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PATEO
02889.HK
PATEO CONNECT Technology (Shanghai) Corporation develops smart cockpit solutions, vehicle connectivity support services, and products for OEMs and Tier-1 suppliers in China and Hong Kong. It also develops telematics terminals and cloud platforms. The company offers automotive electronic hardware, operating system software, voice AI and map integration, TSP service operations, PaaS and SaaS cloud services for vehicle payment, communication operations, and the CASE (connected, autonomous, shared, and electric) vehicle business model. smart cockpit solutions products include T-Box, cameras, microphones, speakers, wires, and antennas.
490.31 B
02889.HKMarket value -Rank by Market Cap -/-

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    News
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    Pateo Connect Technology Partners with Ping An Property & Casualty Insurance

    Pateo Connect Technology has signed a framework cooperation agreement with Ping An Property & Casualty Insurance to enhance integration across technology, finance, vehicle, and service sectors. The partnership aims to leverage AI and vehicle connectivity to transition from basic services to personalized solutions, reconstructing the intelligent travel and insurance ecosystem and improving user experiences.

    Reuters·
    HK
    02318
    -0.82%
    SH
    601318
    -1.84%
    HK
    02889
    -3.24%
    Reuters·
    HK
    02318
    -0.82%
    SH
    601318
    -1.84%
    HK
    02889
    -3.24%

    Pateo Connect Technology (Shanghai) Corporation held shareholder meeting

    Pateo Connect Technology (Shanghai) Corporation held an extraordinary general meeting on January 29, 2026, where the proposal to elect independent non-executive Directors was approved. This information was published via the Issuer Information Service of the Hong Kong Stock Exchange.

    Reuters·
    HK
    02889
    -3.24%
    Reuters·
    HK
    02889
    -3.24%

    Huatai Securities Remains a Buy on PATEO CONNECT Technology (Shanghai) Corporation Class H (2889)

    Huatai Securities analyst maintained a Buy rating on PATEO CONNECT Technology (Shanghai) Corporation Class H yesterday and set a price target of HK$286.67.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential PATEO CONNECT Technology (Shanghai) Corporation Class H has an analyst consensus of Moderate Buy, with a price target consensus of HK$283.44.

    Tip Ranks·
    HK
    02889
    -3.24%
    Tip Ranks·
    HK
    02889
    -3.24%

    PATEO (2889.HK) weakened during the session, pressured by the automotive technology sector

    On January 23rd, PATEO experienced a day of volatility and weakness, with limited rebound momentum during the session and noticeable capital outflow. Recently, the smart connected and automotive technology sectors have cooled down, with factors such as slower industry project approval processes and delays in new intelligent orders putting pressure on related companies. Market sentiment has become more cautious, bullish momentum has weakened, and the overall weakness of the sector is evident. From a technical perspective, the stock price has been operating below the main moving averages for several consecutive days, and market confidence continues to be under pressure. Occasional rebounds during the session have been accompanied by low trading volumes, with main capital leaning towards short-term profit-taking, resulting in significant selling pressure overall. There are currently no new positive news in the industry, and the market is primarily engaged in stock capital games, with structural resistance being prominent. At present, the market is focused on the progress of industry approvals and potential business synergy signals. Only a substantial reversal or new synergies can change the current pressure on the sector. Short-term risks still need to be monitored for sudden negative news or accelerated capital outflow. The short-term recommendation is to remain cautious and wait for new catalytic opportunities at the sector or company level

    Technical Forecast·
    SZ
    159323
    -1.71%
    SZ
    159210
    -1.47%
    SZ
    159237
    -1.88%
    Technical Forecast·
    SZ
    159323
    -1.71%
    SZ
    159210
    -1.47%
    SZ
    159237
    -1.88%

    PATEO CONNECT Proposes Appointment of New Non-Executive Director

    PATEO CONNECT Technology (Shanghai) Corporation has proposed the appointment of Gu Yuekun as a non-executive director, pending shareholder approval. Gu, an investment professional with a master's degree in finance, has extensive experience in equity and debt investment. He will not receive directors' emoluments, indicating a governance-focused appointment aimed at enhancing the board's expertise without increasing compensation. Further details regarding the shareholders' meeting will be disclosed in accordance with Hong Kong listing requirements.

    Tip Ranks·
    HK
    02889
    -3.24%
    Tip Ranks·
    HK
    02889
    -3.24%
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