PATEO (02889) saw its shares rise nearly 8% in late trading. As of press time, the stock was up 7.98% at HK$56.15, with a turnover of HK$83.1259 million.

On the news front, PATEO has recently entered into a global supply partnership with Jeep to provide designated high-end intelligent cockpit domain controllers and AI in-vehicle interaction system services for models under two major brands. The collaboration will cover core overseas markets including Europe, the Middle East, and South America, helping mainstream brands under Stellantis Group accelerate their global intelligent transformation.

This partnership is being implemented through a new joint venture layout between Stellantis and Dongfeng Motor. Under the framework of Dongfeng Stellantis Automotive Technology Co., Ltd., the two parties are jointly developing two electrified Jeep brand models. Vehicle research and development will be led by the new company, with the production base located at the DPCA plant in Wuhan.