HK Stock Market Move | PATEO (02889) rises by over 9% again, large AI models accelerate deployment to the car end, and conversational AI experts serve as the head of European business.

PATEO (02889) rose by over 9%, with a cumulative increase of over 60% this month. As of the time of writing, it rose by 8.65%, to 217.2 Hong Kong dollars, with a turnover of 1.41 billion Hong Kong dollars. On the news front, PATEO announced earlier that Stefan Ortmanns, a senior expert in conversational AI, has officially joined the company as the Head of European Business. He will be fully responsible for PATEO's strategic layout and business expansion in the European market, leading the European team to deepen local operations and accelerate PATEO's global process. It is reported that Stefan Ortmanns previously served as the CEO and director of the global car voice recognition giant Sensory, overseeing core product business, and fully responsible for research and development operations, product management, and strategic partnerships. Guosheng pointed out that large AI models represented by Bean Pod, Qianwen, DeepSeek, etc. are accelerating deployment in the automotive sector, deeply integrated with intelligent cabins, becoming an important driving force for the upgrade of cabin intelligence. PATEO's product matrix is comprehensive, covering high-end and mid-to-low-end markets, with several high-end products scheduled to be added by 2025, covering platforms 8295 and 8397, with the 8397 solution expected to be mass-produced in 2026. By 2025, the company's market share in the mid-to-high-end self-owned brand cabin domain above 250,000 RMB will rank first, and with the increase in the proportion of high-end products, ASP is expected to continue to rise.