PATEO (02889) Secures First 8397 Design Win for a Leading Domestic New Energy OEM's First Batch of Overseas Models, Elevating Partnership to Open a New Phase of Global Delivery

On September 14, PATEO (02889) announced that the company has received a formal project nomination notice from a leading domestic high-end new energy vehicle OEM, and has been selected for the first time as a supplier for the customer's flagship brand's new-generation overseas models. PATEO will be responsible for the development and mass production delivery of high-end intelligent cockpit domain controllers and AI interaction systems based on Qualcomm's 8397 new-generation high-performance cockpit chip platform. The announcement shows that Qualcomm 8397 is Qualcomm Snapdragon's fifth-generation intelligent cockpit chip platform, which can strongly support intelligent capabilities such as on-device AI computing power, multimodal interaction, and multi-screen connectivity. This nomination covers the first batch of models in the customer's overseas product matrix, and subsequent series models under the same platform will also be based on this chip platform. The project's overseas rollout covers major global regions including Europe, Central and South America, Canada, the Middle East, Asia-Pacific, Central Asia, Africa, and Oceania. This is another substantive breakthrough in PATEO's globalization strategy. This nomination marks a leap in the company's cooperation with this leading new energy OEM from the domestic market to a global layout, and from a mature technology platform to a new-generation platform, fully confirming the customer's high recognition of the company's technical foundation, platform-based R&D architecture, and global delivery capabilities. From serving global automakers to joining hands with Chinese brands to go global, PATEO's globalization layout is forming a dual-wheel drive. In fact, this nomination is not an isolated project, but another upgrade of PATEO's cooperative relationship with an existing leading customer. The cooperation between the two parties has extended from the domestic market to overseas markets and from a mature platform to a new-generation platform, reflecting the leading customer's comprehensive trust in the company's capabilities from technology development to global mass production delivery. It is a typical example of upgrading cooperation with an existing customer. At the same time, on Qualcomm's 8295 platform, PATEO has already achieved large-scale mass production deployment, and the number of nominations for related intelligent cockpit domain controllers ranks first among Chinese suppliers. This time, winning another overseas project based on the 8397 platform enables the company to achieve a continuation of capabilities from being first on 8295 to leading on 8397, further consolidating its leading position on 8397. The fact that a leading customer continues to choose PATEO on a new platform shows that the company's technical capabilities are not a single-point breakthrough, but have continuously gained validation from industry-leading customers in every platform iteration. Exports across multiple global regions mean the project must meet the requirements of parallel development and synchronized mass production across multiple languages, multiple regulations, and multiple scenarios, placing extremely high demands on supply chain management, global compliance systems, and large-scale high-quality delivery capabilities. PATEO adopts a mature platform-based design architecture that can adapt to multilingual and multi-regulatory requirements and support cross-regional parallel development and synchronized mass production. The company has established a complete cross-regional compliance system, global supply chain control mechanism, and large-scale mass production delivery capability. This nomination is strong evidence of the company's comprehensive globalization strength. As the project enters the mass production delivery cycle, its commercial value will also be gradually released. Overseas projects usually have higher technical thresholds and compliance requirements, and relatively better pricing and gross margin levels, which helps improve the company's overall profitability structure. The customer's overseas models have a long lifecycle and broad market coverage, and subsequent series models under the same platform will all be based on this chip platform, which is expected to bring sustained revenue contributions to the company. Some market analysts pointed out that entering the overseas supply system of a leading new energy OEM indicates that the growth space for subsequent horizontal expansion into more models on the customer's same platform and global markets is expected to further open up. At the same time, globalization projects usually have better pricing and higher gross margin levels, while new-generation platform projects have higher unit prices and technical content. The combination of multiple favorable factors is expected to have a sustained optimizing effect on the company's overall profitability structure. At present, intelligentization is becoming one of the core competitive advantages of China's automobile exports, and China's intelligent cockpit supply chain is accelerating into the global market along with vehicle exports. PATEO's collaboration with a leading Chinese new energy brand to go global is a direct footnote to the Chinese intelligent cockpit technology ecosystem moving toward the world. The company stated that, based on the intelligent technology accumulation built in the domestic market, it will work with customers to export China's "AI-defined vehicle" solutions to global markets. This project will become an important model for the company's overseas market expansion and further strengthen its competitive position in the global intelligent cockpit supply chain.