HK Stock Market Move | PATEO (02889) surged over 9% in the afternoon as the company actively laid out its plans around physical AI, opening up further growth opportunities.

PATEO (02889) surged over 9% in the afternoon and, as of press time, was up 8.68%, trading at HKD 145.3, with a transaction volume of HKD 65.7388 million. In terms of news, on July 28, the 2026 High-Performance Intelligent Automotive AI Technology Summit, themed "Breaking the Cocoon: Intelligent Transformation," was held in Shanghai. At the summit, PATEO CTO Zhang Jie was invited to give a speech, systematically breaking down the complete path of the in-vehicle AI Agent from concept to large-scale deployment, while also explaining Botai's long-term strategic layout towards physical AI. With its systematic accumulation of in-vehicle AI technology and production capabilities, Botai was awarded the Gold Award for In-Vehicle AI Intelligent Platform at this year's summit. Guosheng previously pointed out that the company has reached a series of in-depth collaborations with a leading OEM new energy vehicle enterprise and NVIDIA to advance the AI box solution, further strengthening its competitive advantage. Surrounding the deployment and application of AI large models, the company continues to increase R&D investment, establishing an AI technology system that includes edge model deployment, cloud service collaboration, multimodal interaction, and AI agents. At the same time, it is laying out frontiers in physical AI and AI agents, exploring innovative business models such as computing power charging and in-vehicle token billing, opening up further growth opportunities.