PATEO CONNECT Technology (Shanghai) Corporation Signs Strategic Cooperation Agreement with Beijing Horizon Robotics Technology R&D Co., Ltd.

Key Highlights of the Announcement

• Strategic Partnership: On April 22, 2026, PATEO CONNECT Technology (Shanghai) Corporation signed a strategic cooperation agreement with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon), marking a significant milestone in the integration of intelligent vehicle technologies.
• Early Adoption: PATEO CONNECT becomes one of the first contracted clients for Horizon Starry®, the first domestic cockpit-driving integrated and whole-vehicle intelligent agent SoC, launched by Horizon.

Details of the Strategic Cooperation

1. In-depth Cockpit-Driving Integration:
   • PATEO and Horizon will jointly explore cost-effective domestic solutions for integrated cockpit-driving systems.
   • The collaboration aims to promote equality and accessibility in automotive intelligence by developing an integrated vehicle architecture that enables computing power sharing and system optimization.
   • Mass production of these solutions is targeted at flagship models of mainstream automobile enterprises, with the goal of setting an industry standard for cockpit-driving integration.
2. Intelligent Driving Business Cross-Sector Breakthroughs:
   • Joint efforts will focus on deep integration between intelligent cockpit and driving functions, equipping vehicles with advanced capabilities such as cross-modal comprehension, continuous planning, and self-adjustment in all scenarios.
   • This initiative aims to elevate automobiles from automated products to platforms with intelligent agent capabilities, including learning and decision-making functionality.
   • Plans include mass production and application in cost-effective models, especially for overseas markets, supporting global expansion and creating new growth curves for intelligent driving in both companies.
3. Innovative Application of Robotics Technology:
   • The partnership will develop a highly reliable, low-latency, and synergistic intelligent control system for robots.
   • Large-scale applications are planned in intelligent transportation, family service, and commercial services, aiming to create a new ecosystem that fuses intelligent automobiles and embodied intelligence.
   • This will open new opportunities in the future intelligent industry.
4. Customer Resource Sharing and Global Expansion:
   • PATEO and Horizon will share high-quality customer resources domestically and overseas, jointly planning a global expansion blueprint that meets local needs.
   • The goal is to expand the supply chain for global automobile enterprises, achieving the globalization of China’s domestic intelligent automobile technology (“China Solution”).

Important Information for Shareholders and Potential Investors

• Framework Nature of Agreement: The Strategic Cooperation Agreement is a framework document intended to enhance collaboration and is not mandatorily binding on either party. Specific business arrangements will require separate definitive agreements.
• Potentially Price Sensitive: The announcement represents a major development in the company’s business strategy, opening up new opportunities in intelligent vehicle technology and robotics. However, completion of specific transactions is contingent upon definitive agreements. Investors should monitor further announcements for binding deals, which could materially impact share value.

About Horizon Robotics

Horizon is a PRC-established limited liability company focusing on assistance driving solutions for passenger automobiles. It provides core technologies and products for intelligent vehicles, including full-scenario assistance driving software algorithms, automotive-grade domain controllers, auxiliary hardware, and system integration with mass production verification.

Board Composition

As of the announcement date, the Board of PATEO CONNECT comprises Mr. Ying Zhenkai (Chairman), Mr. Zhang Fukai, Ms. Xu Zhenhui, Mr. Lai Weilin (executive Directors), Mr. Zhang Yi (employee Director), Mr. Wang Bihui, Mr. Ma Xiaoyong, Mr. Gu Yuekun (non-executive Directors), and Dr. Li Yuanpeng, Mr. Pang Chunlin, Mr. Zhang Xiaoliang, Dr. Liu Gongshen, Ms. Xu Lili, Dr. Gu Jinyu, Dr. Huang Xiaolin (independent non-executive Directors).

Potential Impact on Share Price

The strategic partnership with Horizon, especially as a first adopter of Horizon’s breakthrough SoC technology and the plans for mass production, global expansion, and cross-industry intelligent solutions, is a notable business development. It has potential implications for future revenue streams, market positioning, and competitiveness in the intelligent vehicle and robotics sectors. Investors should watch for further binding agreements and mass production milestones, as these could be catalysts for share price movements.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The completion of transactions under the Strategic Cooperation Agreement is subject to definitive agreements. Investors are advised to exercise caution and conduct their own research before making any investment decisions related to PATEO CONNECT Technology (Shanghai) Corporation.

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