PATEO, a leading enterprise in the intelligent connected vehicle sector, officially settled in North Bund of Hongkou District, marking a significant step forward in the area's technological innovation landscape.
The headquarters inauguration ceremony of PATEO Connective Vehicle Technology (Shanghai) Co., Ltd. was celebrated at its new location on the 37th floor of the AIA Financial Center On March 26.
A signing of an investment promotion agreement between PATEO and Hongkou District was held at the ceremony.
Strategic partnerships were also established with Guotai Junan Securities and six banking institutions, including the Industrial and Commercial Bank of China and Shanghai Bank, to further cement PATEO's commitment to innovation and growth in the region.
As a comprehensive provider of intelligent cockpit solutions, PATEO offers a full-stack solution that includes hardware, software, cloud services, and operations.
Its services span the entire gamut of intelligent cockpit product development, manufacturing, and operational services, catering to nearly 30 car brands ranging from luxury, joint-venture, to domestic.
Since its inception, PATEO has committed to strengthening the automotive intelligence ecosystem, continuously increasing its investment in research and development.
To date, the company has applied for 6,525 intellectual property rights, including 4,604 invention patents, accounting for 83 percent of its total patent portfolio, achieving an impressive rate of over 40 patents per employee.
PATEO's recent recognition in the national enterprise technology center shortlist, alongside its selection for various prestigious technology innovation centers in Shanghai, underscores its leadership in technology innovation, intellectual property, and the broader smart vehicle ecosystem. These accolades affirm PATEO's national-level excellence in technological innovation, proprietary knowledge, and industry leadership.
Hongkou is spearheading initiatives to foster a favorable business environment for private economic growth and technological innovation.
With the release of the 7.0 version action plan to optimize the business environment in February, Hongkou is committed to creating a trade and investment-friendly atmosphere, characterized by administrative efficiency, standardized government services, and a comprehensive legal framework.
Particularly, the district's efforts to establish the North Bund as a high-end service industry innovation development zone and the North Middle Ring Science and Innovation Cluster are indicative of its ambition to enhance global resource allocation and technological innovation density.
Hongkou will continue to drive technological innovation, develop new productive forces, and promote the transformation of scientific and technological achievements.
By fostering industry-leading enterprises and cultivating more "unicorns" and "hidden champions," Hongkou aims to ascend the high end of industrial chains and the high-value segments of service chains, thereby contributing to the high-quality economic development of the region, the district government said.