PATEO's Internet of Vehicles net loss narrowed, and smart cockpit sales soared

During the period of 2021-2023, the net loss of PATEO Automotive Networking has been significantly narrowed, mainly due to the substantial increase in sales of its core product, the smart cockpit. During this period, PATEO Automotive Networking has sold a total of approximately 2.6 million smart cockpits, with a compound annual growth rate of 55.2%. In the first five months of 2024, the company has delivered approximately 6.1 million smart cockpit units, a year-on-year increase of 140% compared with 2.5 million smart cockpit units in the same period of 2023.