Shares of PATEO (02889) rose over 8% during the trading session. At the time of writing, the stock is up 8.74% to HK$144.40, with a turnover of HK$63.24 million.

The company has been actively expanding its footprint in the optical communication industry chain recently, with plans to acquire an optoelectronic chip enterprise. It is also collaborating with Fuyao University of Science and Technology to tackle research in silicon photonics and electro-optic modulation materials. Its business spans in-vehicle optical communication and AI computing power optical chips, benefiting from trends in optical modules and the silicon photonics industry, thereby opening a new growth avenue beyond smart cockpits.

Analysts note that the company is advancing synergistically in high-computing-power cockpits, AI Boxes, edge-side model deployment, and in-vehicle communication architecture. Furthermore, PATEO is leading the establishment of an in-vehicle Token economy integration hub and a unified settlement center, implementing applications such as in-vehicle AI Agents.