Recently, PATEO (02889.HK) announced that it has entered the global supply chain of a leading international automotive group for the first time, securing designation for vehicle models under two major brands of the customer. These include a global model for its premium luxury brand and an overseas model for its mid-to-high-end brand, covering key overseas markets including Europe, the Middle East, and South America. PATEO will provide the customer with high-end intelligent cockpit domain controllers and AI in-vehicle interactive systems based on Qualcomm' s fourth generation Snapdragon 8295 platform for the global market.

The global significance of this project designation is particularly noteworthy. As a new supplier, PATEO's first entry into the global supply chain of a leading international automotive group immediately covers two major brands of the customer, fully validating the rapid replication of its platform-based technology system across different brands and regions.

From a performance perspective, this project designation is highly aligned with the company's current growth trajectory. In the first quarter of 2026, PATEO's revenue grew by more than 100% year on year, driven primarily by the convergence of three growth curves: premiumization, AI adoption, and globalization. This new customer project designation is also injecting fresh momentum into all three:

1. The premium luxury brand's vehicle models will further enhance PATEO's penetration into high-value market segments; 

2. The global delivery of on-device large models and AI in-vehicle interactive systems will accelerate the commercialization and monetization of AI applications; 

3. Higher gross margin levels from global projects will continue to improve the company's profitability structure. 

From securing the largest number of 8295 platform designations in China to entering the global supply chain of leading international automakers, PATEO is turning its global positioning as an “ecosystem builder” into reality. Built on integrated “Software, Hardware, Chip, and Cloud” capabilities and powered by AI technology, PATEO is integrating China's in-vehicle intelligent solutions into the mainstream global automotive industry chain.