KARMA AND PATEO ANNOUNCE STRATEGIC PARTNERSHIP TO DEVELOP AUTOMOTIVE TECHNOLOGIES

Karma Automotive, the Southern California-based luxury electric vehicle manufacturer and the developer of advanced technologies in automotive industry,  and PATEO, an IoV (input/output virtualization) enterprise combining the best of internet/consumer electronics and automotive, have partnered to integrate the PATEO Qing Mobile solution as a Proof of Concept (“POC”) , as a whole or in parts, to use in Karma Revero® GT vehicles.

Karma offers a technology-focused vehicle platform powered by advanced connectivity, autonomous driving, and artificial intelligence, and can be utilized as a test-bed to help drive innovation.

“PATEO has been an innovative leader in connected vehicle, intelligent navigation and comprehensive telematics services for over two decades,’ said Dr. Lance Zhou, CEO of Karma Automotive. “We have been investing in product innovation and working to leverage new technology applications for Karma vehicles that improves connectivity. PATEO Qing Mobile is our new solution and we are excited to be working with the PATEO team to bring this new advanced technology to market. Furthermore, this partnership enhances Karma’s readiness to mass produce in China. ”

"It's a great honor for PATEO to establish a strategic partnership with Karma Automotive, which represents PATEO's first deployment of hardware, software and cloud services with a foreign luxury auto brand, as well as the building of PATEO's international capabilities." PATEO CEO Ken (Yilun) YING said, "PATEO has helped many OEMs achieve intelligent transformation in China, and possesses rich operating experience and outstanding service capabilities in the luxury segment. We look forward to strengthening an all-round cooperation with Karma after it expands into the China market."

The collaboration’s initial work will be focused on integrating PATEO Qing Mobile to the Karma Revero GT. Supported by Karma’s fully certified products already on the road, a fully-operational manufacturing facility, and a complete line of engineering and design resources, PATEO Qing Mobile can bring their products to market quickly.

In addition, Karma and PATEO are seeking joint business opportunities to develop, operate and provide Digital Cockpit solutions in the market. This collaboration is an important evolution in digital cockpit and IoV that integrates a full set of software, hardware and cloud platforms that will improve connectivity solutions. Karma’s Revero GT will pave the way for a successful partnership showcasing advanced technology solutions that drive value and results.