HK Stock Market Move | PATEO (02899) rises over 4% again to break the record high. The company collaborates with Ping An Property & Casualty Insurance to reconstruct the smart travel insurance ecosystem.

PATEO (02899) rose more than 4% in the afternoon, hitting a high of 282 Hong Kong dollars, setting a new record high. As of the time of writing, it rose by 2.74%, trading at 277.2 Hong Kong dollars, with a turnover of 1042.13 million Hong Kong dollars. In terms of news, PATEO recently announced a framework cooperation agreement with Ping An Property & Casualty Insurance, where the two parties will achieve deep integration and innovation through "AI + car networking technology + insurance services", breaking the industry boundaries between the automotive industry and the financial insurance industry, and achieving a leap from "basic services" to "personalized, all-scenario empowerment", restructuring the smart travel insurance ecosystem, leading the insurance service revolution and user experience upgrade of the smart travel era. It is worth noting that relying on its deep accumulation in advanced areas such as intelligent cockpits, large models, and embodied intelligence, PATEO is accelerating the commercialization of technological achievements. In October 2025, the company reached a comprehensive strategic cooperation with the leading artificial intelligence company SenseTime, focusing on the deep application of AI large models in intelligent cockpits, and synchronously laying out future tracks such as humanoid robotics Siasun Robot & Automation and cockpit integration, demonstrating its determination to leap to a high-level intelligent travel ecosystem.