On October 8, PATEO Alliance opened higher in the morning session, rising 0.84% at the opening to HKD 180 per share. It continued its upward trend, surging over 15% during the session. As of 10:14 a.m., the stock was up 11.54% at HKD 199.2 per share.

On the news front, on October 8, PATEO Alliance announced via the Hong Kong Stock Exchange that it had entered into a cooperation framework agreement with SenseTime Intelligent Technology. The agreement is valid for two years and covers collaboration in AI cabins, large models, humanoid robots, and vehicle-road coordination.

According to PATEO Alliance's announcement, SenseTime Intelligent Technology primarily engages in the sale of software products and provision of related services. It is an indirect wholly-owned subsidiary of SenseTime Group Inc. Both parties, based on the principles of resource complementarity, shared advantages, and win-win cooperation, have decided to establish a long-term strategic partnership to jointly promote the integration and application of artificial intelligence in areas such as intelligent connected vehicles.