Haier Invests in IoV Company Pateo

Consumer Discretionary Jul 05, 2020 05:43 PM (GMT+8) · EqualOcean

Haier strategically invested in Pateo, the Internet of Vehicle (IoV) service provider who has already been backed by Dongfeng Motor, Suning and Xiaomi. The amount of fund raised was not disclosed. The investment showed Haier's intention of enabling its smart home products to further connect with automobiles.

This text is a result of machine translation.

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