PATEO Receives Strategic Investment from FAW Group and Others
On Aug. 11, PATEO CONNECT+ (PATEO) announced completion of a new round of financing, with China FAW Group Corporation (FAW) being the lead investor, Changchun FAWSN Group Co., Ltd., China EV100, CCB Trust Co., Ltd., Jianyuan Capital (Shanghai Jianyuan Equity Investment Fund Management Co., Ltd.) launched & set up by STEC (Shanghai Tunnel Engineering Co., Ltd.), and other companies being the co-investors, marking one of the significant investments with eco integration in the automotive industry this year, and also another investment made by a top enterprise following the strategic investment from DFG (Dongfeng Motor Group Co., Ltd.), Xiaomi Corporation, Haier Capital, among others. Up to now, the accumulated amount of its two rounds of financing has reached CNY 1.8 billion.
Shanghai PATEO and FAW Bestune Conduct Strategic Cooperation and Establish Joint Innovation / R&D / Marketing Team
The 7th of Oct. witnessed the signing of a strategic cooperation agreement between FAW Bestune Car Co., Ltd. (Bestune) and Shanghai PATEO Electronic Equipment Manufacturing Co., Ltd. (PATEO), based on which the two sides will carry out deep cooperation in intelligent connectivity, product innovation, marketing & user operation, among others, and enter into a long-term, comprehensive and stable strategic cooperative partnership.
PATEO Digital Key Solution Earns Recognition, Winning “Award for Industry Innovation Practices” with Innovative Technology
On Oct. 15, the 2021 China Auto Supply Chain Conference was grandly convened at Chongqing Yuelai International Conference Center (YLICC). At the forum themed “Cross-Border Innovation to Create A New Intelligent Car Connectivity Experience” concurrently held by Intelligent Car Connectivity Industry Ecosystem Alliance (hereinafter called “ICCE” for short), PATEO CONNECT+ won the “Award for Industry Innovation Practices” from ICCE by virtue of the technological leadership of its “Digital Key Solution”.
1% Innovations = Trillions Worth of Future of China’s Digitalization | Digital 36 [2021 Innovative Digital Suppliers] Survey
This year, we have reported on the digital innovations in almost each industry in China, and witnessed the digitalization of the Pillars of a Great Power, e.g., SBW (Shenyang Blower Works Group Corporation) — “Heart of China’s Industry” Migrates to “Cloud”: 10-Year Digitalization in Marketing of Pillars of Great Power; the digitalization of the apparel & footwear industry, e.g., from competing with manpower to competing with technology, SAINT ANGELO has relied on digitalization to venture into such all-new category as custom-tailored suits; as well as the digitalization of the FMCG (fast-moving consumer goods) industry: Creating a New Mengniu” with digitalization is just the tip of the iceberg during the rapid digitalization of the retail industry...
PATEO CONNECT+ and ITCL, CATARC Reach Strategic Cooperation to Jointly Promote Innovative Development of IoV Business
Nov. 12, 2021 witnessed the signing of a strategic cooperation agreement between Shanghai PATEO Electronic Equipment Manufacturing Co., Ltd. (hereinafter referred to as “PATEO CONNECT+”) and Information Technology Co., Ltd., CATARC (hereinafter referr
Founder & Chairman of PATEO CONNECT+, Ken (Yilun) YING: Vehicles to Be All-new Life Spaces in Autonomous Driving Era
“More of an Expert in Internet than Automakers, More of a Specialist in Automobile than Internet Companies” represents how PATEO CONNECT+ defines itself. Along with the accelerated update of technologies, people have put forward higher requirements fo
DFM VOYAH Takes Home iF DESIGN AWARD 2022 – “Product” Discipline
On Apr. 11, the final selection of the iF DESIGN AWARD 2022 (Germany) wrapped up, in which the HMI design of VOYAH Automobile of Dongfeng Motor Corporation (DFM), China won a big prize in the “Product” discipline.
Debut of Voyah (Lantu) Dreamer Powered by PATEO CONNECT+ Qualcomm 8155 Smart Cockpit Platform
On Apr. 7, Voyah (aka Lantu) Dreamer officially launched advance sales. The new model is positioned as the first large-size luxury flagship MPV under Voyah, and equipped with a smart cockpit newly designed by PATEO CONNECT+ (PATEO), which is based on Qualcomm Snapdragon 8155 automotive chip to achieve unprecedented higher performance and lower power consumption, and thus bring the user a smart cockpit experience that surpasses its peers. As the second mass-produced cooperative model between PATEO and DFM (Dongfeng Motor Corporation) VOYAH after VOYAH FREE, the launch of advance sales of Voyah Dreamer marks a new chapter in the strategic cooperation between the two sides, thanks to which, the product strength and competitiveness of VOYAH Automobile have witnessed substantial enhancement, manifesting the confidence in technology brought by domestic independent R&D.
PATEO CONNECT+ Wins “Award for Special Contribution of 2022 Excellent VOYAH Automobile Supplier”
On May 8, the “2022 VOYAH Automobile Supplier Conference” was held online. Themed with “Aggregate Ambition for VOYAH’s Intention · Pool Strength for Long-Range Planning, the forum attracted the participation of nearly 100 world-class enterprises from the fields of IT connectivity, supply chain, digital ecosystem, etc., at which, PATEO CONNECT+ (hereinafter referred to as PATEO) won the “Award for Special Contribution of Excellent Supplier” due to its outstanding cooperation achievements.
PATEO CONNECT+ Completes Series C Funding with Total Amount Exceeding 2.5 Billion Yuan
On Jun. 27, PATEO CONNECT+ Technology (Shanghai) Corporation (hereinafter referred to as “PATEO”) announced that with Shanghai Guosheng Capital as the strategic investor in the Series C funding, and Ping An Capital together with Jinggangshan Investment in the Series C+ round, a total of RMB 1 billion has been raised, which will be used to ratchet up its continuous efforts to make overall arrangements in the intelligent connected vehicles (ICVs) field, and further accelerate the process of its listing on the Shanghai Stock Exchange Science and Technology Innovation Board (SSE STAR Market).