Automotive Oct 29, 2020 09:30 AM (GMT+8) · EqualOcean
PATEO, a Shanghai-based connected vehicle technology provider, has signed an agreement with FAW Group to have comprehensive cooperation in-vehicle intelligent networking. The two companies will develop related techniques, methods, and tools together. PATEO and FAW will build Tianquan intelligent lab together based on their Hongqi intelligent networking system. PATEO has invested billions CNY to the connected vehicle and vehicle intelligence so far. The average annual R&D cost is about 28% of the sales revenue.

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