Core Viewpoint - 博泰车联's stock price increased by over 12% following the announcement of a strategic cooperation framework agreement with SenseTime Technology, aimed at promoting the integration and application of artificial intelligence in smart connected vehicles [1] Group 1: Company Developments - 博泰车联's stock rose by 11.88% to HKD 199.7, with a trading volume of HKD 13.32 million [1] - The cooperation framework agreement with SenseTime is based on principles of resource complementarity, shared advantages, and win-win cooperation, effective for two years starting from the date of signing [1] - On September 28, Porsche announced a deep collaboration with 博泰车联 to develop a new generation of in-car infotainment systems specifically for the Chinese market, set to be featured in multiple Porsche models by 2026 [1] Group 2: Industry Context - 博泰车联 is recognized as a leading supplier of smart cockpit solutions in China, indicating its significant role in the smart connected vehicle sector [1]

Core Viewpoint - The recent issuance of the "Guiding Opinions on Vigorously Developing Digital Consumption to Co-create a Better Life in the Digital Age" aims to promote the development of digital consumption, particularly through the pilot of intelligent connected vehicles, which is expected to drive significant upgrades across the entire industry chain and create new employment opportunities [1][6]. Digital Product Consumption Expansion - The guiding opinions propose trials for the access and road use of intelligent connected vehicles, which will inject policy momentum into the automotive industry's intelligent transformation [1]. - The pilot is anticipated to stimulate technological upgrades in upstream and downstream sectors such as chip design, high-precision mapping, and vehicle-road collaboration, potentially unlocking a trillion-yuan scale industry upgrade [1]. Implementation of Pilot Projects - The Ministry of Industry and Information Technology is accelerating the construction of 20 "vehicle-road-cloud integration" pilot cities, with over 35,000 kilometers of test demonstration roads opened and more than 10,000 test demonstration licenses issued [2]. - Initial pilot cities include major urban centers like Chongqing, Guangzhou, Shenzhen, Shanghai, Beijing, Changsha, and Wuhan, with some cities already achieving regular operations of high-level autonomous vehicles in designated areas [2]. Local Innovations and Practices - Beijing is advancing its "dual-intelligence" city construction, achieving coverage of 600 square kilometers with vehicle-road-cloud integration infrastructure and issuing over 1,100 test licenses [3]. - Wuhan's "car valley" initiative has attracted over 500 companies in the intelligent connected vehicle industry, with a significant increase in the production of new energy and intelligent connected vehicles [3]. Industry Ecosystem Reconstruction - The technological system of intelligent connected vehicles is evolving from single-function iterations to multi-dimensional integrated innovations, enhancing environmental perception and decision-making capabilities [4]. - The traditional linear structure of the automotive industry is being replaced by a networked ecosystem centered around "software-defined vehicles," leading to new business models such as subscription services and data monetization [5]. Market Growth Projections - The intelligent connected vehicle market is expected to exceed 5 trillion yuan by 2030, becoming a new growth driver for high-quality economic development [6]. - The Ministry of Industry and Information Technology has indicated conditional approval for L3-level vehicle production, shifting the focus of industry competition from L2 to L3 levels [6].

Core Insights - Chengdu's second industry investment increased by 21.3% year-on-year from January to August, becoming the main engine for investment growth in the city [3][4][5] Group 1: Investment Growth - The investment structure in Chengdu is being optimized, with a significant focus on effective investment and the cultivation of new productive forces [3][4] - The automotive industry in Chengdu saw a remarkable investment growth of 67.9% from January to August, leading among key sectors [5] Group 2: Key Projects and Collaborations - Nitto Denko's OLED polarizer production base has officially commenced operations in Chengdu, marking a significant expansion since the company's initial investment in 2017 [3][4] - A partnership between the Qingbaijiang District and Huawei has been established to enhance smart manufacturing and promote innovation in emerging industries [4][6] Group 3: Technological Advancements - The collaboration with Huawei is transitioning from "smart manufacturing" to "digital-physical integration," focusing on accelerating the transformation of traditional manufacturing and the development of new industries [6][7] - Chengdu's high-tech industry investment grew by 16.8% year-on-year from January to August, indicating a continuous increase in investment proportion [7]

Core Insights - The strategic partnership between Botai Vehicle Networking Technology and SenseTime marks a significant step towards the integration of AI in smart cockpit technology, indicating a new phase in China's intelligent connected vehicle industry [1][2] Group 1: Strategic Collaboration - Botai and SenseTime will focus on the deep integration of AI large models in smart cockpits, while also investing in humanoid robots and integrated cockpit-driving solutions [1] - The collaboration aims to create a platform-level AI agent that offers a comprehensive solution from software to cloud services, enhancing the user experience in smart cockpits [1][2] Group 2: Technological Advancements - The partnership will leverage AIDC infrastructure and self-developed AI inference and training chips to reconstruct the smart cockpit experience across multiple dimensions, including personalized interaction and safety [2] - A high-efficiency collaborative mechanism for "end-side large models" will be established, forming an integrated smart connected vehicle platform [2] Group 3: Humanoid Robotics Development - The collaboration will combine SenseTime's advanced visual perception algorithms with Botai's expertise in hardware design and mass production to develop a new generation of flexible and intelligent humanoid robots [2] - These robots are expected to excel in scenarios such as smart cockpit services and vehicle maintenance, potentially transforming the robotics industry [2] Group 4: Ecosystem Development - The companies will work together to create a full-stack solution focusing on integrated cockpit-driving, vehicle-road collaboration, and international expansion [3] - The integration of driving decisions with cockpit experiences will be enhanced through AI-generated personalized features, promoting unified interaction among people, vehicles, and the environment [3]

Group 1 - The Hang Seng Index fell by 1.07%, down 287 points, closing at 26,669 points, while the Hang Seng Tech Index decreased by 1.09% [1] - Gold stocks continued their recent upward trend, with New York gold prices surpassing $4,000; Zijin Mining International rose by 5.98%, Chifeng Jilong Gold increased by over 14%, and Shandong Gold gained 7.56% [1] Group 2 - Xinjiang Xin Mining (03833) surged over 19%, with its stock price nearly doubling after returning to A-shares, owning four nickel-copper mines [2] - Jinli Permanent Magnet (06680) rose over 6%, with institutions optimistic about the rare earth sector's valuation and performance [2] - Shanghai Electric (02727) increased by over 4% following a key breakthrough in the compact fusion energy project BEST in Hefei, Anhui [2] - Heyu-B (02256) climbed over 8% to reach a historical high, with the upcoming launch of Pimiatin expected to provide ongoing sales revenue [2] Group 3 - Yiming Anke-B (01541) rose over 7% after submitting an application for the Phase III clinical trial of IMM2510 [3] Group 4 - Botai Carlink (02889) increased over 19%, collaborating with SenseTime to promote AI applications in smart connected vehicles [4] - Changfeng Pharmaceutical (02652) debuted with a high opening of 218.64%, later rising over 180%, focusing on inhalation technology and inhalation drugs [4] Group 5 - China Cosco Shipping Energy Transportation (01138) fell over 3.7%, as OPEC+ production increases were significantly lower than previously reported, raising market concerns about oil transportation demand [5] Group 6 - Cryptocurrency-related stocks experienced significant declines, with Boya Interactive (00434) dropping over 8% as Bitcoin's plunge affected the crypto market [6]

Core Viewpoint - 博泰车联's stock price increased by over 12% following the announcement of a strategic partnership with SenseTime to promote AI integration in smart connected vehicles [1] Group 1: Company Developments - 博泰车联's share price rose by 11.88%, reaching 199.7 HKD, with a trading volume of 13.32 million HKD [1] - The company signed a cooperation framework agreement with SenseTime on October 7, 2025, to establish a long-term strategic partnership focused on resource complementarity and mutual benefits [1] - The cooperation framework agreement is effective immediately and has a duration of two years [1] Group 2: Industry Collaborations - On September 28, Porsche announced a deep collaboration with 博泰车联 to develop a new generation of in-car infotainment systems specifically for the Chinese market, set to be featured in multiple Porsche models by 2026 [1] - 博泰车联 is recognized as a leading supplier of smart cockpit solutions in China [1]

Core Viewpoint - The company, Botai Carlink (02889), has entered into a strategic cooperation framework agreement with Shanghai SenseTime Technology Co., Ltd. to promote the integration and application of artificial intelligence in the field of intelligent connected vehicles [1] Group 1 - The cooperation framework agreement is based on the principles of "resource complementarity, advantage sharing, and win-win cooperation" [1] - The agreement is effective from the date of signing and has a duration of two years [1]

Core Viewpoint - The company, Botai Car Union (02889), has entered into a strategic cooperation framework agreement with Shanghai SenseTime Technology Co., Ltd. to promote the integration and application of artificial intelligence in smart connected vehicles and related fields [1] Group 1 - The cooperation is based on the principles of "resource complementarity, advantage sharing, and win-win cooperation" [1] - The framework agreement is effective from the date of signing and has a duration of two years [1]

Core Viewpoint - 博泰车联 has entered into a strategic cooperation framework agreement with Shanghai SenseTime Technology Co., Ltd. to promote the integration and application of artificial intelligence in smart connected vehicles and related fields [1] Group 1 - The cooperation is based on the principles of resource complementarity, shared advantages, and win-win collaboration [1] - The framework agreement is effective from the date of signing and has a duration of 2 years [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 PATEO CONNECT Technology (Shanghai) Corporation 博 泰 車 聯 網 科 技 ( 上 海 ) 股 份 有 限 公 司 （ 於 中 華 人 民 共 和 國 成 立 的 股 份 有 限 公 司 ） （股份代號：2889） 自願公告 訂立合作框架協議 本公告乃由博泰車聯網科技（上海）股份有限公司（「本公司」或「博泰」）自願作出。 訂立合作框架協議 本公司董事（「董事」）會（「董事會」）謹此宣佈，於2025年10月7日，本公司與上 海商湯智能科技有限公司（「商湯智能科技」）訂立合作框架協議（「合作框架協 議」）。 合作框架協議主要內容 合作原則 本公司及商湯智能科技基於「資源互補、優勢共享、合 作共贏」的原則，決定建立長期戰略合作關係，並簽署 合作框架協議，以共同推動人工智能在智能網聯汽車等 相關領域的融合與應用。 本公司及商湯智能科技將聯合部署高性能服務器， 依託A ...