Aug. 19th witnessed the unveiling of the “Top 50 Online New-Economy Enterprises (Shanghai)” list launched by jiemian.com of Shanghai United Media Group (SUMG). Based on the five criteria of company size, technological innovation, business model, enterprise management and brand influence, 50 outstanding Shanghai enterprises were selected. PATEO CONNECT+ made it to the list with its innovations in science & technology as well as contributions to the industrial digitalization.

As a representative of Shanghai local high-tech / science & technology innovation industries, an enterprise with a “Specialized, Refined, Characteristic & Novel” Business Model in Shanghai, as well as one of the “2020 World Internet of Things (IoT) Ranking List Top 500”, over the past twelve years, PATEO has always been deeply cultivating and devoting itself to the field of intelligent vehicle (IV) and artificial intelligence (AI), with technology as the foothold and starting point, underpinned by the various core technologies in operating system (OS), intelligent voice, hardware, high-definition (HD) map, cloud platform, among others, making continuous efforts on the R&D, optimization and provision of subsequent supporting services of intelligent telematics system, while offering user-oriented software application development and operation in the cockpit, autonomous driving & vehicle domains based on the “Software Defined Vehicle (SDV)” concept. In addition to a pioneering R&D innovation center with a team of more than 800 members, a smart manufacturing factory based on advanced manufacturing capabilities has also been put into operation recently.

In the present day when the nation attaches great importance to the intellectual property (IP) and advancement in science & technology, PATEO has always taken innovation as the corporate DNA. Since its establishment, the company has cumulatively invested more than CNY 1 billion in R&D, and been continuously investing more than 30% of its operating revenue in it, boasting a full set of qualifications for operations in China’s Internet of Vehicles (IoV) market. As of now, it has applied for a total of over 5,100 intellectual property rights (IPRs), 82% of which are invention patents, ranked 104th on the list of “China’s Top 500 Companies by Patent” in 2019, securing sixth place on “China’s Autonomous Driving Patent Ranking” and winning “Award for Excellent Enterprises in Automotive Intellectual Property” this year.

As a leader in China’s IV & IoV sectors, PATEO has been, as always, driven by technological innovation, to keep injecting a steady stream of vitality into the development of Shanghai’s intelligent connected vehicle (ICV) industry.

The “2021 Top 50 Online New-Economy Enterprises (Shanghai)” list was launched by jiemian.com of Shanghai United Media Group (SUMG), covering the Internet, E-commerce / retail, digital corporate services, online finance / entertainment / medical care, AI and various other fields. With Shanghai Online New Economy Development Promotion Action Plan (2020-2022) as well as the Action Plan to Promote Digital Transformation of Shanghai Life and Empower High-Quality Development (2021-2023) as the basis, in line with the five criteria of company size, technological innovation, business model, enterprise management and brand influence, and through the process of research on enterprises, application & submittal by enterprises, online voting, expert review, etc., 50 outstanding representative new economy enterprises in Shanghai were selected.