Pateo Connect Shifts Gears From Automotive Cockpits To China’s Smart Home Market
The automotive cockpit maker has agreed to buy a controlling stake in Guangzhou Seagull to expand into China’s fast-growing smart home market image credit: Bamboo Works Key Takeaways: Pateo Connect will
Pateo Connect, a company that makes technology for car dashboards, is buying a controlling stake in another company to start selling smart home products in China instead. This shows the company is trying a new business direction, which could be good if it works but also means they're betting big on a different market.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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