LANCE

What LANCE does

LANCE (Jiangsu Lance Technology Co., Ltd.) is a Chinese automotive electronics manufacturer specializing in intelligent automotive lighting and control systems. Founded in 2009 and headquartered at the Wujin West Taihu Science & Technology Industrial Park in Changzhou, Jiangsu, the company designs and produces LED light source and control systems, autolamp controllers, lighting control systems, lamp leveling motors, and intelligent vision systems for automotive OEMs. It operates a "software-hardware dual-wheel drive" R&D model with 40+ accepted and authorized patents (including 25 utility model patents), an R&D team experienced in both domestic and foreign vehicle lamp development, and an in-house lab infrastructure comprising five core laboratories with a CNAS-accredited facility under construction. Manufacturing is supported by 8–10 automated SMT production lines in a class 100,000 dust-free workshop and 7 dedicated lamp controller lines with daily capacity of 20,000 units, all integrated under SAP and MES information management platforms.

The company's revenue model is a B2B hardware sales motion targeting domestic and overseas automotive OEMs and tier-1 manufacturers, with a quote-based pricing structure (not publicly disclosed). Its go-to-market combines direct enterprise field sales with industry exhibitions (e.g., the Shanghai International Automobile Lighting Exhibition) and digital channels (bilingual website, WeChat official account). It holds long-term cooperative supply relationships with Iranian auto production groups SAPCO (Peugeot series) and SAIPA (Kia series), and maintains IATF 16949, ECE, E-M, and DOT certifications enabling access to international automotive markets.

LANCE has been listed on China's National Equities Exchange and Quotations (NEEQ/新三板) under stock code 832429 since June 17, 2015. It has been recognized as a National High-tech Enterprise, a Gazelle Enterprise (high-growth), and a Jiangsu Provincial Enterprise Technology Center, Industrial Design Center, and SRDI Enterprise. As of latest available data, the company employs 101–250 people, with female employees representing more than 60% of the workforce, and continues to invest in capacity expansion, certification, and R&D as evidenced by a 2024 growth funding round.

Name

LANCE

Legal name

江苏中科朗恩斯车辆科技有限公司

Website

https://cn-lance.net

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

LANCE (Jiangsu Lance Technology Co., Ltd.) is a Chinese automotive electronics manufacturer that designs and produces intelligent LED lighting, autolamp controllers, and lamp control systems for domestic and overseas vehicle OEMs. Founded 2009, listed on NEEQ since 2015, serving customers including SAPCO and SAIPA.

Ownership category

akta.pro rank

Product category

Automotive Lighting and Electronic Control Systems

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Electric Lighting Equipment Manufacturing (33513)

SIC

Electric Lighting & Wiring Equipment (3640), Electronic Components & Accessories (3670)

akta.pro primary industry

Automotive Lighting Systems & Components Manufacturing (LED/Headlamps/Signal/Interior) (IMACAJAF)

akta.pro secondary industries

Automotive Lighting Assemblies Manufacturing (Headlamps/Taillamps/Interior Lamps/DRLs) (IMACAKAG), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF), LED Drivers, Ballasts & Power Modules for Lighting (Constant-current/voltage drivers, ballasts, control gear) (IMAGAIAJ)

Keywords

• Automotive lighting systems
• LED control systems
• Vehicle lamp controllers
• Automotive electronic components
• Intelligent vision systems

Headquarters

HQ city

Jintan

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Automotive LED Lighting Components and Systems: Manufacture and sale of automotive LED lights, LED modules, light dimmers, lamp controllers, and intelligent vision systems to automotive OEMs and manufacturers domestically and internationally.
2. Automotive Electronic Control Systems: LED drive control systems and lighting control systems sold as components or integrated solutions to automotive manufacturers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

LANCE manufactures and sells automotive LED lighting components and electronic control systems, including automobile lamps, LED modules, lamp dimmers (lamp leveling motors), autolamp controllers, LED drive control systems, and intelligent vision systems. The company sells these as components and integrated solutions to domestic and overseas automotive OEMs, with established long-term cooperative relations with large foreign automobile production groups (SAPCO Group, SAIPA Group).

Product overview

LANCE offers a comprehensive portfolio of automotive lighting and control products centered on three core categories: LED Light Source and Control Systems, Autolamp Controllers, and Lighting Control Systems. The product line includes LED modules, lenses, lamp leveling motors, daytime running lights, warning lights, combination lights, rear taillights, fog lamps, turn signals, and intelligent vision systems. The company operates a 'software and hardware dual-wheel drive' R&D model and manufactures products in facilities equipped with 8 automatic SMT lines and 7 lamp controller production lines, serving both domestic and international automotive markets with products for vehicles including French Peugeot, South Korean Kia, and various Chinese automotive brands.

Differentiator

Problem solved

Functional benefit

Products and services

• LED Light Source and Control System (LED光源及控制系统)

Quantifiable outcome

• 100% air tightness testing and function testing on all lamp controllers, ensuring product quality and consistency
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• SAPCO Group (Iran)coreStrategic or Co-development PartnerEstablished long-term cooperative relations with SAPCO Group of Iranian automobile manufacturers for the production of French Peugeot series automobiles, supplying automotive LED lighting components and systems.
• SAIPA Group (Iran)coreStrategic or Co-development PartnerLong-term cooperative relations with SAIPA Group of Iranian automobile manufacturers for the production of South Korean Kia series automobiles, supplying automotive lamp components.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Xingyu (星宇车灯): Leading Chinese domestic automotive lighting supplier (SME A-share listed) producing headlamps, rear lamps, and signal lamps for major Chinese OEMs. Most directly comparable Chinese peer given shared customer base of domestic auto manufacturers and overlapping product portfolio.
• SL Corporation: Korean automotive lighting supplier serving Hyundai/Kia and global OEMs with headlamps, rear lamps, and signal lamps. Highly comparable in product mix and OEM-channel business model to LANCE.

Emerging players

• Varroc Lighting Systems: Indian-headquartered global automotive lighting supplier serving European and emerging-market OEMs. Comparable mid-tier scale and emerging-market export orientation to LANCE.
• Hongli Group (鸿利智汇): Chinese LED packaging and automotive lighting module company serving domestic OEMs and aftermarket. Comparable in China-based LED automotive lighting exposure, though with a different mix of packaging versus finished lamp products.

Broad incumbents

• Valeo: French global Tier 1 supplier with major visibility systems and lighting business serving worldwide OEMs. Direct product overlap in headlamps, signal lighting, and lighting electronics, with much broader global scale and R&D budget.
• Koito Manufacturing: Japanese automotive lighting leader (Toyota-affiliated) supplying OEMs globally with headlamps, rear lamps, and signal lighting. Closest geographic/industrial comparable to LANCE's product mix, though at materially larger scale.
• Stanley Electric: Japanese automotive lighting and LED component maker with deep Honda and global OEM relationships. Comparable LED-driven lighting product portfolio and quality-system orientation.
• HELLA: German global Tier 1 automotive lighting and electronics supplier with deep OEM relationships across Europe, North America, and Asia. Comparable in product categories (headlamps, signal lamps, lighting electronics) but operates at vastly larger global scale.
• Marelli (Magneti Marelli): Global Tier 1 automotive lighting and electronics supplier (Japan-owned, Italian heritage) serving most major OEMs worldwide. Direct product overlap with LANCE in automotive lamps and lighting electronics.

Others

• Lumileds: Global LED components and modules supplier for automotive lighting applications. Comparable technology stack (automotive LEDs and modules) but operates upstream of LANCE as a component supplier rather than finished lamp assembler.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LANCE