NASN Intelligent Tech, a portfolio company of Qiming Venture Partners and Chinese X-by-wire chassis‌ leader, successfully listed on the Hong Kong Stock Exchange on August 7, 2026 Beijing time. NASN Intelligent Tech (02261. HK) issued its shares at a price of HK$10.42 per share and opened at HK$16.9 per share with a market capitalization of HK$10.06 billion.

Qiming Venture Partners invested in the Round A financing of NASN Intelligent Techas a co-lead-investor in 2018 and continued to invest in the company in the Round B financing. Before the IPO, Qiming Venture Partners held an 8.43 percent stake in NASN Intelligent Tech as the largest institutional investor.

Founded in 2016, NASN Intelligent Techfocuses on delivering mission-critical X-by-wiresolutions for intelligent driving and enhancing the independence of the intelligent driving supply chain. As a contributor in the industry, NASN Intelligent Tech drives the development of the X-by-wire industry with its full-stack solutions, advancing the industry from inception to excellence.

According to the information from China Insights Consultancy, NASN Intelligent Tech is the first Chinese company to commercial the electronic brake booster solution (NBS solution) for L4 autonomous vehicles and to supply proprietary electronic brake booster solution (NBS solution) to leading Chinese EV OEMs. In terms of the brake-by-wire solution sales volume in 2025, NASN Intelligent Techis among the top three Chinese brake-by-wiresolution providers and the second-largest independent third-party brake-by-wire solution provider.

Leveraging its proven R&D and mass-production expertise in automotive X-by-wire technology, as well as core competencies in control algorithms, software and hardware, NASN Intelligent Tech is well-positioned to expand into humanoid robotics and low-altitude aircrafts motion control. This means while achieving rapid growth in the automotive sector, NASN Intelligent Tech has the capacity for cross-industry technology deployment and is cultivating a high-potential second growth curve in adjacent markets.

Tao Zhe, Founder and Chairman of NASN Intelligent Tech, said: “China’s automotive industry is undergoing profound shifts toward electrification, intelligentization and indigenous core technology development. Standing at the new milestone of our listing, NASN Intelligent Tech will seize industrial growth opportunities, further deepen our focus on automotive motion control, accelerate core technological innovation and global expansion, and strive to become an internationally competitive X-by-wire chassis enterprise.”

Duane Kuang, Founding Managing Partner at Qiming Venture Partners, said, “When we invested in NASN Intelligent Tech in 2018, we believed in the founding team’s determination to independently develop and manufacture the core technologies and key components of X-by-wire chassis systems in China, along with their solid engineering depth and proven ability to deliver at scale. Amid the sweeping wave of intelligent driving, brake-by-wire and X-by-wire chassis serve as the core hardware safeguarding autonomous driving safety, and domestic innovators have vast room to grow in this field. We are delighted to witness NASN Intelligent Tech reach this milestone of listing on the public market. Looking ahead, building on its core capabilities in control algorithms, software and hardware, we believe NASN Intelligent Tech is well-positioned to extend these strengths into the core software and hardware of embodied intelligent robotics, opening up an even broader market while continuing to consolidate its industrial advantages and expand globally.”