Hong Kong Stock Alert | PATEO (02889) Surges Over 15% in Morning Session as Company Partners with Porsche to Develop Next-Generation Infotainment System for Chinese Market

Stock News

2025/10/06

PATEO (02889) soared over 15% in morning trading, reaching a high of HK$177.6, representing a cumulative gain of nearly 75% from its IPO price of HK$102.23. As of press time, the stock was up 13.1% at HK$174.4, with trading volume of HK$32.26 million.

On the news front, Porsche announced on September 28 that it has entered into a strategic partnership with PATEO to jointly develop a next-generation infotainment system specifically designed for the Chinese market. The system is scheduled to be deployed across multiple Porsche vehicle models in 2026.

According to public information, PATEO is a leading supplier of intelligent cockpit solutions in China. Based on data from Frost & Sullivan, the company ranked as the third-largest supplier of intelligent cockpit domain controller solutions for passenger vehicles in China by shipment volume in 2024, capturing a 7.3% market share, trailing only behind competitors with market shares of 21.7% and 10.4% respectively.

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Based on data from Frost & Sullivan, the company ranked as the third-largest supplier of intelligent cockpit domain controller solutions for passenger vehicles in China by shipment volume in 2024, capturing a 7.3% market share, trailing only behind competitors with market shares of 21.7% and 10.4% respectively.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stock Alert | PATEO (02889) Surges Over 15% in Morning Session as Company Partners with Porsche to Develop Next-Generation Infotainment System for Chinese Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stock Alert | PATEO (02889) Surges Over 15% in Morning Session as Company Partners with Porsche to Develop Next-Generation Infotainment System for Chinese Market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time smaller\">2025-10-06 11:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>PATEO (02889) soared over 15% in morning trading, reaching a high of HK$177.6, representing a cumulative gain of nearly 75% from its IPO price of HK$102.23. As of press time, the stock was up 13.1% at HK$174.4, with trading volume of HK$32.26 million.</p>\n<p>On the news front, Porsche announced on September 28 that it has entered into a strategic partnership with PATEO to jointly develop a next-generation infotainment system specifically designed for the Chinese market. The system is scheduled to be deployed across multiple Porsche vehicle models in 2026.</p>\n<p>According to public information, PATEO is a leading supplier of intelligent cockpit solutions in China. Based on data from Frost & Sullivan, the company ranked as the third-largest supplier of intelligent cockpit domain controller solutions for passenger vehicles in China by shipment volume in 2024, capturing a 7.3% market share, trailing only behind competitors with market shares of 21.7% and 10.4% respectively.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02889","symbol_name":"博泰車聯","start_time":0,"source_url":"","article_id":"1165525009","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165525009","pubTimestamp":1759722624,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"PATEO (02889) soared over 15% in morning trading, reaching a high of HK$177.6, representing a cumulative gain of nearly 75% from its IPO price of HK$102.23. As of press time, the stock was up 13.1%...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02889":"博泰车联","HSCEI":"国企指数","BK4585":"ETF&股票定投概念","07226":"南方两倍做多恒科","CHAU":"2倍做多沪深300ETF-Direxion","MCHI":"中国ETF-iShares MSCI","YANG":"三倍做空富时中国ETF-Direxion","CQQQ":"中国科技指数ETF-Guggenheim","HXC":"纳斯达克中国金龙指数","KWEB":"中国海外互联网ETF-KraneShares","CWEB":"两倍做多沪深中国互联网股票ETF-Direxion","ASHS":"德银沪深中证500指数ETF","BK4614":"Manus概念股","FXI":"中国大盘股ETF-iShares","YINN":"三倍做多富时中国ETF-Direxion","ASHR":"德银沪深300指数ETF","DRAG":"中国龙ETF-Roundhill","BK4588":"碎股"},"translate_title":"港股快讯|博泰(02889)早盘大涨超15%公司与保时捷合作为中国市场开发下一代信息娱乐系统","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHAU":1,"MCHI":1,"CWEB":1,"02889":1,"YANG":1,"CQQQ":1,"DRAG":1,"HXC":1,"HSCEI":1,"ASHS":1,"KWEB":1,"YINN":1,"07226":1,"FXI":1,"ASHR":1},"content_text":"PATEO (02889) soared over 15% in morning trading, reaching a high of HK$177.6, representing a cumulative gain of nearly 75% from its IPO price of HK$102.23. 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