Bucking the Trend of Epidemic — This Shanghai IoV Enterprise Secures Order of More than 15 Billion Yuan
6/4/2022
BY People’s Daily
8276

Recently, PATEO CONNECT+ (hereinafter referred to as “PATEO”), an emerging prominent tech company in Shanghai, released its latest performance data: the first four months of this year witnessed a year-on-year (YoY) growth of 82.7% in its monthly average output and 70% in its revenue; as of now, the order amount has exceeded RMB 15 billion.

As early as three years ago, PATEO established an emergency management committee, which consists of six groups, namely, Chip Supply Guarantee Group, Client Approval Group, Long Lead-Time Material Tracking Group, Logistics Emergency Group, Production Base Group, and Resident Backup Group. “In the past year, not a single client has stopped production because of PATEO. So far, our chips have never been in short supply. The company’s system capabilities have been tested, and new business opportunities created”, said Ken (Yilun) YING, the founder.

In April, to solve the supply chain issues, PATEO set up its own fleet for short-distance transit and dedicated vehicle transport in Shanghai, Nanjing, Xiamen, Wuhan, Chengdu and other areas, and strengthened cooperation with large logistics companies, to ensure timely arrival of raw materials and uninterrupted production.

At present, PATEO’s revenue mainly comes from smart cockpit and intelligent connectivity businesses.

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