PATEO, Xunce Technology and Saimo Technology sign tripartite framework on in-vehicle token AI
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On 8 June 2026, PATEO (02889.HK) disclosed a voluntary announcement that it had signed a tripartite strategic cooperation framework agreement with Xunce Technology and Saimo Technology to jointly develop a token-based physical AI world model and a closed-loop industrial system covering edge-side hardware, simulation testing, data infrastructure, token settlement and commercial operations.
What happened
- PATEO (02889.HK) disclosed the voluntary announcement on 8 June 2026 from Shanghai.
- The parties to the tripartite strategic cooperation framework agreement are PATEO, Xunce Technology and Saimo Technology.
- The three parties will integrate core capabilities in in-vehicle terminals, simulation testing, data settlement and AI large models to jointly develop a physical AI world model based on tokens.
- Cooperation covers co-building edge-side token infrastructure, extending token pricing models to in-vehicle scenarios, building a unified token settlement and clearing center, and jointly developing TokenOS and a physical AI world model.
- The jointly developed technical modules are uniformly named 'PATEO-Xunce-Saimo TokenOS Enhancement Modules.'
Who is involved
PATEO CONNECT engages in the provision of smart cockpit and vehicle connectivity support services in China and Hong Kong.
H1 2025 revenue RMB 10.86 billion
Saimo Technology is a tool vendor and service provider for testing, evaluation and validation of autonomous vehicles with simulation methods.
Sources
- prnewswire.com — primary
- bitget.com — party background
- pateo.com.cn — party background
- simplywall.st — party background
- tradingview.com — party background
- www1.hkexnews.hk — party background
- tradingview.com — party background
Announced 2026-06-08