PATEO CONNECT Technology (Shanghai) Corporation Class H ( (HK:2889) ) just unveiled an announcement.

PATEO CONNECT Technology (Shanghai) Corporation has been selected by a leading new energy vehicle manufacturer as the supplier for the 8397-based cockpit platform in its next-generation models, leveraging Qualcomm’s fifth-generation cockpit computing technology. The company will build a new in-vehicle interaction system featuring physical AI and an all-scenario intelligent agent to deliver functions such as real-time deduction, proactive transport services and natural human-vehicle interaction.

Management said the designation reflects broad recognition of its high-end cockpit and AI solutions by mainstream carmakers and is expected to strengthen its market share in the new energy in-vehicle segment while enhancing its lead in in-vehicle AI applications, supporting long-term sustainability. The group plans to actively advance R&D on the project while tightening risk control to manage uncertainties in developing the new generation of solutions, and it cautioned shareholders and potential investors about inherent market and development risks.

The most recent analyst rating on (HK:2889) stock is a Buy
with a HK$200.00 price target.
To see the full list of analyst forecasts on PATEO CONNECT Technology (Shanghai) Corporation Class H stock,
see the HK:2889 Stock Forecast page.