What is PATEO s position in the Internet of Vehicles industry?

PATEO is currently the leading Internet of Vehicles company in Asia, and it is also one of the few integrated Internet of Vehicles service providers in the industry that can provide integrated Internet of Vehicles services that can answer the questions of operating system, communication operation, HMI and user experience, TSP platform development and operation services, i-AI, IoT and wearable devices.

Zhao Fuquan talked about this topic in the interview with Ying Yilun, and Ying Yilun, the founder of PATEO, said: First, we have a very clear strategic judgment. PATEO has always talked about "empowering traditional automobile companies", and China's traditional automobile groups basically have annual revenues of 400 billion to 700 billion yuan.

As you said, traditional car companies have seen the change and want to embrace it. However, in the new market space of the Internet of Vehicles, no one can provide the corresponding capabilities. Because the field of Internet of vehicles is also very complex, not a company can complete the layout, which is the first factor of loss.

Second, we're always innovating. PATEO has been one of the world's most innovative connected car companies, including the world's first 3G automotive application; The first OTA (** upgrade) application, 4 years before Tesla; The first non-reflective glass application, 8 months earlier than Apple's iPad; The first in-car navigation with a congestion avoidance function was a year ahead of mobile phone navigation; The first natural language feature, 9 months before Siri, was done by us. Only by constantly innovating in this way can you lead the development of the industry, and innovation is a key capability of PATEO.

So, how does PATEO lead the way in innovation? The core is the team. At PATEO, we have always adhered to a "lean soldier culture", and we have always believed that 2% or even 1% of the people can create 98% to 99% of the value of the company, so we basically hire the best people to maintain our innovation ability.

Third, PATEO has its own platform, including its own automotive electronic hardware platform, underlying electronic architecture platform and intelligent operating system. Our operating trouser system is currently the most assembled, active and user-friendly system in the automotive industry. We also have our own cloud platform that offers a variety of services.

If you don't have these software and hardware platforms, you will just build a bridge, and you will become a broker or consulting company, not a car networking company. Fourth, PATEO understands the user groups of different car companies. In addition to being a leading company in Internet of Vehicles (IoV) technology, PATEO's insight into users and grasp of future trends and business models are also the most important to car companies, and many leaders of car companies have talked to me about this.

The traditional parts manufacturers do not have this ability. The boundaries of the industry are constantly expanding, from the original OEM to consumers of an industrial chain, transformed into an ecosystem in which the whole society participates. The future should be an era of value creation and value sharing, an era of integration, not an era of disruption.

Since 2017, with the continuous fermentation of AI technology, many major changes have taken place in the field of Internet of Vehicles, and PATEO has also ushered in a new round of challenges and opportunities. Tencent has reached strategic cooperation with BAIC GAC, coupled with SAIC Alibaba, which has taken the lead before, to form a competitive situation of BAT + Beijing, Shanghai and Guangzhou, and the core part is the on-board system and autonomous driving. Entering 2018, just from March to May, Geely, Chery, BYD and other car manufacturers have successively launched their own new generation of on-board system platforms and strategies, OTA upgrades, AI, AR navigation, voice interaction, and common functions on consumer electronics such as the first change Lupai tripartite application** have become the core selling points.

In this context, Ying Yilun quickly led PATEO to make a series of adjustments: 1. Develop the next generation of in-vehicle platform and embrace AI technology. With the increasing demand for in-vehicle and in-vehicle systems, PATEO has increased its investment in software and hardware for the next-generation in-vehicle platform.

Its new generation of in-vehicle machine introduces NXP's most powerful processor platform, which can greatly enhance the computing power of the in-vehicle machine in terms of hardware; In cooperation with Dueros, we will focus on the most critical voice interaction technology for in-vehicle systems in the future, and at the same time lay out 14 key technology areas such as OTA upgrades, Internet of Vehicles security, in-vehicle payment, IoT (interconnection between vehicles and smart devices), and third-party data. 2. Weaken low-value and non-core businesses. According to Ying Yilun, PATEO previously had some low-value businesses such as customer service and operation, and some of them have been abandoned, and the remaining part is mainly operated in cooperation with car companies.

At the same time, due to some restrictions in the cooperation of some car companies, PATEO also took the initiative to give up these customers. 3. Set the company's core strategy on empowerment. Ying Yilun believes that the domestic Internet of vehicles is mainly divided into two eras, which are mainly done by car companies and multiple leading companies, but with the Internet of Vehicles and on-board systems in the next step, they will extend more and more to the bottom of the car's chips and controls, and it is impossible for any company to be all-inclusive.

Therefore, the next generation of Internet of Vehicles and on-board systems will be a large integration era, and the previous left-handed Internet and right-handed traditional car companies PATEO should be the most suitable to be this integrator, that is, the integration of Internet companies (technology companies), communication companies, chip companies, operators, travel service providers of different technologies and products, packaged into the Internet of Vehicles on-board system solutions, unified supply to car companies for loading, so that all players in the Internet of Vehicles ecology have meat to eat, that is, empowerment.