PATEO (02889) has secured project designation from a leading domestic new energy vehicle company.

PATEO (02889) announced that the company has recently received a project milestone notification from a leading domestic new energy vehicle manufacturer (the client) and has become a supplier for the clients new vehicle platform. This project utilizes the Horizon Starry Sky chip solution, marking the industry's first high-end AI cockpit chip that is purely domestically produced and integrates cockpit and driving functions. This signifies the company's advancement from a leader in intelligent cockpits to a cross-domain leader in "cockpit-driving integration" as part of its AI strategic commercialization. The company has maintained deep technological collaboration and commercial cooperation with the client for a long time, with both parties highly aligned in technological direction, product planning, and ecosystem construction. As a domestic high-performance chip for integrated vehicle intelligence and driving, the Starry Sky chip can realize dynamic scheduling of computing power between the cockpit and intelligent driving, supporting capabilities such as multimodal perception, local large model reasoning, and real-time scene simulation with physical AI. Relying on a full-stack technological foundation of "software, hardware, chips, and cloud", the company has completed system integration around this domestic chip to establish a new generation of in-vehicle interactive systems equipped with physical AI and comprehensive intelligent agents, enabling intelligent functions like real-time environment simulation, proactive travel services, and natural human-vehicle interaction. This milestone project is the first to commercialize AI cockpit scenarios using domestically produced high-performance integrated vehicle intelligence chips. It is also an important milestone in the companys implementation of its "AI technology-centric integrated strategy of software, hardware, chips, and cloud", fully demonstrating the company's robust full-stack technological strength and driving the industry to accelerate its upgrade towards in-vehicle physical AI technology, continually broadening the long-term growth potential of high-value in-vehicle AI solutions. The company will continue to solidify its industry-leading advantage in the field of in-vehicle physical AI, providing solid support for the group's long-term performance growth. The company will fully promote the projects research and development as well as preparation for mass production. Given the technical, delivery, and market uncertainties associated with developing the new generation of integrated vehicle platforms and their implementation, the company will enhance risk control throughout the entire process.