PATEO obtains RMB 1.5 billion in financing to advance the development of intelligent automotive technology

Botai, a leading domestic company in automotive intelligence, recently successfully obtained equity financing of approximately RMB 1.5 billion. The funds will be mainly used to develop a new generation of automotive intelligent fusion domain control products, including smart cockpits, autonomous driving, and domestic automotive chips. Botai's goal is to comprehensively enhance the full-stack technology innovation capabilities of intelligent driving domain control through these R&D projects.