#China #Shanghai #Qiming Venture #NASN Intelligent #X-by-wire

NASN Intelligent Tech's Successful Listing on HK Stock Exchange

On August 7, 2026, NASN Intelligent Tech, a prominent leader in the Chinese X-by-wire chassis landscape and a key portfolio company of Qiming Venture Partners, marked a notable milestone with its listing on the Hong Kong Stock Exchange. The company offered its shares at a starting price of HK$10.42, which soon surged to HK$16.9, resulting in a market capitalization of approximately HK$10.06 billion.

Significant Backing and Growth

Qiming Venture Partners has been instrumental in NASN's journey, investing in its initial A financing round back in 2018, and later in its B financing. Prior to the IPO, Qiming held an 8.43% stake in NASN, making it the largest institutional investor.

Since its establishment in 2016, NASN Intelligent Tech has been at the forefront of developing innovative X-by-wire solutions critical for intelligent driving. These advancements not only enhance vehicle safety but also work toward making autonomous driving a viable reality. Their efforts in this niche market are commendable and position the company well within its industry.

Industry Impact

NASN is recognized as the pioneer in commercializing the electronic brake booster solution tailored for Level 4 autonomous vehicles, supplying major Chinese electric vehicle manufacturers with proprietary technology. According to research from China Insights Consultancy, NASN ranked among the top three in terms of brake-by-wire solution sales in 2025, emphasizing its influence and market penetration.

Their strength lies in their robust research, development, and production capabilities, especially in automotive X-by-wire technology. However, NASN is not just resting on its automotive achievements; it is preparing to branch into humanoid robotics and low-altitude aircraft control systems. This strategy allows NASN to leverage its expertise and technical excellence to tap into diverse markets and create a second growth curve.

Vision for the Future

Tao Zhe, the Founder and Chairman of NASN Intelligent Tech, stated, "China's automotive sector is undergoing radical changes, focusing on electrification, intelligent systems, and the development of domestic core technologies. As we celebrate our listing, NASN is committed to harnessing these growth opportunities, deepening our engagement in motion control for vehicles, and accelerating our technological innovations while expanding globally to compete internationally."

Duane Kuang, Founding Managing Partner at Qiming Venture Partners, echoed the sentiment, expressing confidence in NASN's leadership and vision. He emphasized the opportunities within the intelligent driving sector, pointing out that the brake-by-wire and X-by-wire systems are critical to ensuring safety in autonomous vehicles. With the current technological landscape in China, NASN is well-equipped to spearhead both its sector and beyond.

About NASN and Qiming Venture Partners

NASN Intelligent Tech's success is representative of the potential within China's automotive innovation scene. Founded in 2006, Qiming Venture Partners has since supported over 580 fast-growing companies across technology and healthcare, witnessing over 210 successful exits. The firm continues to believe in the transformative power of homegrown technology and is excited to see NASN take on new corporate challenges as it climbs to new heights post-IPO.

The successful listing of NASN Intelligent Tech on the Hong Kong Stock Exchange is not just a personal achievement but a notable chapter in the evolving narrative of China's automotive industry and its journey toward technological excellence and safety in intelligent driving. As NASN embarks on this new phase, the industry watches with anticipation, eager to see what innovations lie ahead.