- Regulator approval signals progress toward listing
- Company targets drive-by-wire systems for autonomous vehicles
Nasn Technology (拿森科技), a leading drive-by-wire chassis developer, has secured regulatory clearance from the China Securities Regulatory Commission for an offshore share sale, marking a key step toward a potential Hong Kong listing.
The filing notice, released on April 17 by the CSRC’s international cooperation department, confirms the company has completed registration for overseas issuance and full circulation of domestic shares—typically a prerequisite for hearings at the Hong Kong Exchanges and Clearing.
The company had earlier submitted a confidential prospectus.
Founded in 2016 and headquartered in Hangzhou, Nasn focuses on drive-by-wire chassis systems for intelligent vehicles, with manufacturing bases in Hangzhou and Jiaxing and an R&D center in Shanghai.
Its product portfolio spans braking and control systems, including Nbooster System (NBS), Electronic Stability Control (ESC), N-based Integrated Brake Control (NBC), Redundant Brake Control (RBC) and Electro-Mechanical Brake (EMB) solutions, built on proprietary algorithms and integrated hardware-software architecture, according to Nasn’s website.
The company has developed an end-to-end platform covering design, validation, algorithms, testing and mass production, allowing it to deliver system-level solutions across braking, steering and motion control.
It is among a small group of Chinese startups capable of offering full-stack drive-by-wire systems, including Trugotech (千顾科技) and Leekr (利氪科技).
Nasn said it was the first domestic supplier to provide electronic braking solutions to leading Chinese electric vehicle makers, and the first to deploy such systems in commercial L4 autonomous driving operations.
Backers include investors such as Qiming Venture Partners, Hillhouse Investment and CATL.
Under current rules, Chinese companies seeking offshore listings must justify structures such as VIE or red-chip arrangements to regulators. The securities regulator’s approval often signals a major regulatory hurdle has been cleared for an IPO process.
