NASN INTELLIGENT Passes HKEX Listing Hearing; China’s First Commercialised L4 Drive-by-Wire Brake Enterprise

NewTimeSpace News: NASN Intelligent Tech (Zhejiang) Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange on 26 July 2026, and Haitong International and BOCI International serve as joint sponsors.

The Company develops intelligent driving motion control technology and currently provides drive-by-wire brake solutions, focusing on delivering safety-critical drive-by-wire brake solutions for autonomous driving. Drive-by-wire brake solutions fall under drive-by-wire systems, referring to advanced automotive systems that replace traditional mechanical or hydraulic control with electronic systems. Drive-by-wire technology acts as the "cerebellum" of intelligent driving vehicles, guaranteeing safe execution of motion control and supporting advancement to higher autonomy levels. During the track record period, the Company’s drive-by-wire steering solutions remain under development and have not generated revenue.

According to data from CIC Consulting: The Company is China’s first enterprise to apply the electric brake booster solution (NBS Solution) to commercial operations of L4 autonomous vehicles; it is also one of the earliest Chinese enterprises supplying self-developed electric brake booster solutions to leading domestic new energy vehicle OEMs. Measured by sales volume of drive-by-wire brake solutions in 2025, the Company is among China’s top three domestic-owned drive-by-wire brake solution suppliers and the second-largest independent third-party domestic-owned supplier of drive-by-wire brake solutions.