PATEO (02889.HK): Secures Project Nomination from Leading Domestic NEV Manufacturer, Landing Industry-First High-End AI Cockpit Project with Purely Domestic Cockpit-Driving Integrated Chip

NewTimeSpace News: On 11 August 2026, PATEO CONNECT Technology (Shanghai) Corporation (stock code: 02889.HK) issued a voluntary announcement, stating that the Company has recently received a project nomination notice from a leading domestic new energy vehicle (NEV) manufacturer and has become a supplier for the customer's new vehicle model platform.

The announcement stated that the project adopts the Horizon Xingkong chip solution and represents the industry's first high-end AI cockpit project nomination based on a purely domestic cockpit-driving integrated chip, marking the commercial realization of the Company's AI strategy as it advances from a leader in smart cockpits to a cross-domain pioneer in cockpit-driving integration. As a domestically developed high-computing-power cockpit-driving integrated vehicle intelligence chip, the Xingkong chip enables dynamic scheduling of computing power between the cockpit and intelligent driving, supporting capabilities including multimodal perception, on-device large model inference and physical AI real-time scenario deduction. Leveraging its full-stack "software-hardware-chip-cloud" technical accumulation, the Company has completed system integration around the domestic chip, building a new-generation in-vehicle interaction system equipped with physical AI and all-domain intelligent agents, delivering intelligent functions such as real-time environment deduction, proactive mobility services and natural human-vehicle interaction.

This nomination is the Company's first project to commercialize AI cockpit scenarios based on a domestically developed high-computing-power cockpit-driving integrated vehicle intelligence chip, and represents an important milestone in executing its strategy of "software-hardware-chip-cloud integration centered on AI technology." The Company will fully advance the project's R&D and mass production preparations, and will strengthen whole-process risk management given the technical, delivery and market uncertainties in the development of the new-generation cockpit-driving integrated platform and vehicle implementation.

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