PATEO R&D Headquarters for Smart Mobility Innovation Settles in Nanjing Jiangbei New Area
9/19/2019
BY Qichang (Auto Market) App
7340

In the future, the technology leadership and in-depth vertical cultivation of PATEO in the field of smart mobility will bring more efficient and more intelligent mobility experience to users, while contributing to the substantial improvement of urban transportation and mobility efficiency.

On the afternoon of Sep. 16, the signing ceremony for the PATEO R&D Headquarters for Smart Mobility Innovation to settle in Jiangbei New Area was held in the Industrial Technology Research and Innovation Park of the New Area. Ran Hua, Vice Mayor of Nanjing; Chen Chanmei, Deputy Director of Nanjing Jiangbei New Area Management Committee; and Ken (Yilun) Ying, Chairman & founder of Shanghai PATEO were among the participants.

This time, PATEO has planned to invest in the construction of the “PATEO Technology and Product R&D Headquarters for Smart Mobility Innovation” in the Industrial Technology Research and Innovation Park, with focus on the innovative R&D and industrialization of chips, software, systems and terminal devices related to intelligent and connected vehicles (ICVs), so as to accelerate the commercial application of smart technology enabled chips and automotive electronics technologies in the transportation and mobility market, deeply mine transportation & mobility data, and promote the commercialization of the new smart mobility business. The total planned investment volume of the project reaches up to CNY 1.6 billion.

Open up the Development Space for Smart Mobility with Innovative Technology

With the early arrival of the 5G era, the state-of-the-art AI technology led smart city and intelligent transportation industries will gradually enter our lives. PATEO expects that "smart mobility" can be realized mainly from three directions: First is that the sharing model and autonomous driving will promote dramatic changes in the automotive industry model in the ten years to come, and autonomous driving will be realized through such sensing technologies as intelligent identification of traffic signals and pedestrians; the second is to establish an intelligent transportation system through ICVs to enhance transportation & mobility efficiency and effectively improve traffic conditions, such as the traffic jam; third, new mobility models, e.g., seamlessly combined transport, will surely become the development trend in the future, while the related new retail, new manufacturing and new finance of the automotive industry will all be developed.

Promote Development of the Smart Mobility Industry with Superior Resources

Founded in 2009, and by adhering to the concept of “Ultimate Quality”, “Ultimate Experience” and “Ultimate Interaction”, Shanghai PATEO has already developed into an IoV enterprise boasting the largest automotive customer share and the most innovative team in China. Innovation is the DNA of PATEO. In recent years, PATEO has invested 35% of its revenue into R&D every year, totaling CNY 1.76 billion, and has applied for more than 3,130 IPRs, 85% of which are invention patents. At the same time, it made the list of China’s Top 500 Companies by Patent in this July.

Ran Hua said that the development of Shanghai PATEO Group in the field of NEV is highly consistent with the famous innovative city strategy as well as the industrial transformation and upgrading direction of Nanjing. He hopes that the settlement of the PATEO R&D Headquarters for Smart Mobility Innovation will be taken as an opportunity to promote Jiangbei New Area to produce more fruitful results in aspects like the high-quality development, and that the brand influence and international vision of PATEO Group can be leveraged to introduce more high-quality IoV resources into Jiangbei New Area to further accelerate industrial development, and create a new business headquarters for New Retail, New Finance, New Service and New Mobility segments of the IoV industry. As a state level New Area and the location where the Nanjing area of the China (Jiangsu) Pilot Free Trade Zone is situated, Jiangbei New Area enjoys numerous advantages in terms of innovative services, innovative resource agglomeration, etc. We have to give full play to these advantages, to provide quality & efficient services and create an excellent environment for the development of PATEO Group and other enterprises in Nanjing.

The settlement of PATEO in Jiangbei New Area provides terminal application scenarios for the development of smart technology enabled chip, integrated circuit and other industries in this area, promoting not only the deepened development of related industries in the New Area, but also the formation of an upstream and downstream industry cluster agglomeration around the application.

Empowering smart urban mobility with technology has become a trend that is now recognized by the public. PATEO focuses on the goal of “becoming China’s leading IoV and smart urban mobility service operator”, and carries out in-depth strategic cooperation with partners in autonomous driving, automotive chip, OS, co-creation of comprehensive and innovative application of AI in IoV products, platforms and services, etc., to create a new IoV architecture technology; in particular, based on the IoV infrastructure platform of itself, Shanghai PATEO is working with FAW, DFM, Changan, GWM, SGMW and other OEMs to jointly build the automotive industry innovation data & business middle office, make overall planning and arrangement in depth in the four new areas of the automotive industry, i.e., New Retail, New Mobility, New Insurance and New Finance, and reshape the new structure as well as new business growth points of the automotive industry.

At the same time, revolving around the strategic deployment of the Ministry of Science and Technology of the People's Republic of China to establish an AI+ Transportation Demonstration Zone in Shanghai, PATEO is working with players on the mobility related industry chain, including Shanghai Data Exchange Corp., Shanghai Jiushi Digital Technology Co., Ltd., Shanghai Municipal Transportation Information Center and Tongji University, to build a one-stop service platform for smart mobility in the mega-city of Shanghai.

In the future, the technology leadership and in-depth vertical cultivation of PATEO in the field of smart mobility will bring more efficient and more intelligent mobility experience to users, while contributing to the substantial improvement of urban transportation and mobility efficiency.

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