On April 17, the China Securities Regulatory Commission disclosed a filing notice regarding Nasn Automotive Electronics’ overseas offering and listing, as well as the full circulation of its domestic unlisted shares.
This indicates that Nasn had previously submitted its prospectus confidentially to Hong Kong Exchanges and Clearing (HKEX) and has already met the prerequisites for a listing hearing.
Founded in 2016, Nasn focuses on the R&D, design, manufacturing, and sale of chassis-by-wire solutions. It is headquartered in Hangzhou, with industrial bases in Hangzhou and Jiaxing, and an R&D and operations center in Shanghai.
Since its founding, Nasn has concentrated on by-wire solutions for smart and assisted driving, an area of automotive safety with stringent requirements and high technical barriers. It has integrated fully in-house control algorithms with its software and hardware.
Built around its proprietary advanced control algorithms and software-hardware architecture, its by-wire solutions cover a broad product portfolio, including non-boosted braking and control, electronic stability control, redundant brake control, and electromechanical braking systems.
Supported by its R&D capabilities, Nasn has developed a comprehensive lineup across core chassis-by-wire segments, enabling end-to-end supply from key components to system-level solutions. It is now among a small number of companies in China capable of providing integrated by-wire solutions.
On the technology side, Nasn has built an integrated software-hardware platform that combines design, validation, algorithms, testing, and large-scale manufacturing. This allows tighter control across control algorithms, software, core components, and system-level solutions. Backed by an R&D team with international experience, Nasn has established a technology system spanning brake-by-wire, steer-by-wire, and motion control.
Notably, Nasn was the first company in China to supply a self-developed electronically controlled brake assist solution to a leading domestic electric vehicle manufacturer. It was also the first in China to deploy such a solution in the commercial operation of Level 4 autonomous vehicles.
Since its establishment, Nasn has secured investment from institutions including Qiming Venture Partners, GP Capital, Matrix Partners China, Maison Capital, CS Capital, Hillhouse Investment, and industry players such as Contemporary Amperex Technology (CATL).
This article was adapted based on a feature originally written by and published on IPO Zaozhidao. KrASIA is authorized to translate, adapt, and publish its contents.