On May 26, Pateo Connect Plus rose 6.71% in regular trading, reaching 184.0 HKD/share, with trading volume of approximately 60.13 million HKD.
On the news front, multiple positive catalysts continue to unfold. The company recently established a mass production partnership with NVIDIA based on the DRIVE AGX Thor platform for in-vehicle large AI models, making it the first AI application company globally to achieve mass production cooperation with this chip. Additionally, the company appointed Dr. Stefan Ortmanns, former CEO of Cerence, as its European business head, accelerating its global expansion strategy. Market expectations surrounding the Porsche cooperation project landing, combined with the active performance of the Hong Kong-listed AI application concept sector, have further supported the stock's upward trajectory.
Pateo Connect Plus is a China-based intelligent cockpit solution provider, offering comprehensive smart cockpit solutions and connected services to OEMs and Tier-1 suppliers, with business segments spanning domain controllers, cockpit components, R&D services, and automotive-grade chip sales.
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