What Beijing Wanji Technology does

Beijing Wanji Technology Co., Ltd. (北京万集科技股份有限公司, SZSE: 300552) is a China-based intelligent transportation systems (ITS) provider founded in 1994 and listed on the Shenzhen Stock Exchange ChiNext board in 2016. The company operates through six business divisions — electronic toll collection (ETC), dynamic weighing, LiDAR, automotive electronics, intelligent connected vehicles, and automotive electronics identification — supported by a national direct sales network of seven regional subsidiaries and a 42,500 square meter manufacturing facility in Beijing Shunyi. It serves three primary customer segments: transportation management departments and highway operators (ETC, dynamic weighing, V2X road infrastructure), automotive OEMs (front-mounted OBU, V2X-OBU, automotive-grade LiDAR, intelligent driving integration), and city administrators and parking operators (smart parking, smart fueling, traffic signal optimization).

The company's product portfolio spans road-side infrastructure (Smart Base Stations, V2X RSUs, road-side LiDAR), vehicle-mounted devices (V2X OBUs W-980A and WV2X-L923, automotive LiDAR 8L/16L/32L, single-chip and dual-chip ETC OBUs), and integrated software platforms (ONE-MATCH precise route reconstruction toll system, dynamic weighing network management system, smart parking cloud platform, smart city traffic signal optimization). Core technologies include AI-based computer vision, multi-sensor fusion, V2X communication, edge computing, and big data analytics. The company has cumulatively deployed more than 40 million OBUs and 80,000 RSUs and applied its dynamic weighing technology across over 10,000 lanes in China, with LiDAR development dating back to 2010.

Revenue is generated primarily through hardware sales of ITS equipment and systems, complemented by professional services for integrated solutions and recurring data services tied to ETC and smart city applications. Pricing is enterprise-project-based with multi-year contracts, sold through a direct enterprise field sales model and OEM embedded channels. Named customers include Changde City, Xiong'an New District, Dongfeng Motor, Guangzhou Qifang Tunnel, and OEMs GAC, Sany, Yutong, and leading new-energy vehicle manufacturers. The company has been loss-making for multiple consecutive years (2022-2025), with revenue declining from a 2021 peak before stabilizing and showing modest recovery in 2025.

Name

Beijing Wanji Technology

Legal name

北京万集科技股份有限公司 (Beijing Wanji Technology Co., Ltd.)

Website

https://wanji.net.cn

Company type

Public

Founded year

1994

Operating status

Ipo

Headcount range

101–250 employees

Short description

Beijing Wanji Technology (SZSE: 300552) is a Chinese intelligent transportation systems provider founded in 1994, offering ETC, V2X, road-side LiDAR, dynamic weighing, and automotive electronics to highway operators, automotive OEMs, and city administrators across China.

Ownership category

akta.pro rank

Product category

Intelligent Transportation Systems (ITS)

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Computer Communications Equipment (3576), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Connected Vehicle & V2X Traffic Operations (RSUs, SPaT/MAP, CV Applications) (TLAJACAJ)

akta.pro secondary industries

V2X Roadside Units (RSUs) & Edge Infrastructure (TLAJAHAA), Toll Plaza / Lane Equipment & Field Systems (Gantry, Sensors, Cameras, AVC) (TLAJABAH), Automatic Number Plate Recognition (ANPR) / Video Tolling & Enforcement (TLAJABAB), Automotive Infotainment, Telematics & Connectivity Hardware Manufacturing (TCU/V2X/GNSS) (IMACAJAH), Cooperative ITS (C-ITS) Corridor & Intersection Deployments (TLAJAHAG)

Keywords

• Intelligent transportation systems
• Electronic toll collection
• Vehicle-to-everything communication
• Automotive lidar sensors
• Dynamic weighing systems

Headquarters

HQ city

Haidian

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 智能交通系统（ITS）产品与设备销售: 销售激光雷达、ETC车载单元（OBU）、路侧单元（RSU）、动态称重系统等硬件产品及配套软件系统，属于一次性硬件销售结合系统集成的收入模式。
2. 智能交通系统解决方案及技术服务: 提供车路协同解决方案、治超联网管理信息系统、城市智慧交通系统等解决方案及持续的技术服务支持。
3. ETC服务及数据服务: 基于ETC普及和智慧城市应用，拓展ETC精确收费、智慧停车场、智慧加油等城市应用场景的数据服务。

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Beijing Wanji Technology researches, develops, manufactures, and sells intelligent transportation system (ITS) hardware and integrated solutions, covering LiDAR sensors, ETC (electronic toll collection) on-board units and roadside units, V2X communication equipment, dynamic weighing systems, and supporting software platforms. The company supplies these products to government transportation authorities, highway operators, automotive OEMs, and urban administrators, supporting toll collection, vehicle-road-cloud coordination, intelligent connected vehicles, and traffic management applications.

Product overview

Beijing Wanji Technology (北京万集科技股份有限公司, stock code: 300552) offers a comprehensive intelligent transportation system (ITS) product portfolio organized into five core business segments: Intelligent Connected Vehicles (智能网联), Automotive Electronics (汽车电子), LiDAR (激光雷达), Electronic Toll Collection (ETC), and Dynamic Weighing (动态称重). The product architecture consists of intelligent road-side infrastructure including Smart Base Stations (智慧基站), V2X Roadside Units (V2X RSU), and road-side LiDAR sensors; vehicle-mounted products including V2X Onboard Units (W-980A, WV2X-L923), automotive LiDAR (8L/16L/32L), and front-mounted ETC devices; and comprehensive software platforms including the ONE-MATCH Precise Route Reconstruction Toll Collection System, Dynamic Weighing Network Management System, and Smart Parking Cloud Platform. These products integrate AI-based perception, V2X communication, and big data analytics to enable intelligent traffic management, autonomous driving support, electronic tolling, and transportation safety monitoring across highways, urban roads, tunnels, and parking facilities.

Differentiator

Problem solved

Functional benefit

Brands

• ONE-MATCH: 精确还原路径收费系统 - 智能门架、AI识别节点和云端路径拟合服务组成的收费系统
• ONE-PIC
• ONE-ID
• ONE-TRACE

Products and services

• Smart Base Station (智慧基站) Multi-sensor fusion road-side unit combining LiDAR, V2X communication, and video recognition capabilities to provide high-precision environmental perception for intelligent traffic management and connected vehicle support. Used by transportation authorities and smart city operators.
• V2X Roadside Unit (V2X RSU) Vehicle-to-everything roadside unit enabling real-time communication between vehicles, infrastructure, and cloud platforms for intelligent transportation and autonomous driving support. Sold to transportation authorities and infrastructure operators.
• Road-side LiDAR (路侧激光雷达) Road-side mounted LiDAR sensor for vehicle detection, traffic monitoring, and infrastructure-based perception in intelligent transportation systems. Used by transportation authorities and smart city operators.
• W-980A V2X Onboard Unit Vehicle-mounted V2X communication device enabling vehicle-to-infrastructure and vehicle-to-vehicle communication for intelligent connected driving support. Sold to automotive OEMs for pre-installation.
• WV2X-L923 5G-V2X Onboard Unit 5G-enabled V2X onboard unit supporting cellular vehicle-to-everything communication for autonomous driving and smart transportation applications. Sold to automotive OEMs.
• 8L Automotive-grade LiDAR 8-line automotive-grade LiDAR sensor for vehicle environment perception and autonomous driving support. Sold to automotive OEMs.
• 16L Automotive-grade LiDAR 16-line automotive-grade LiDAR providing higher resolution environmental sensing for advanced driver assistance and autonomous driving systems. Sold to automotive OEMs.
• 32L Automotive-grade LiDAR 32-line high-performance automotive LiDAR for comprehensive 360-degree environmental perception in autonomous driving applications. Sold to automotive OEMs.
• ONE+X Single-Chip OBU (Onboard Unit) Front-mounted electronic toll collection tag with integrated single-chip design for highway tolling. Sold to automotive OEMs for pre-installation or to vehicle owners.
• ONE-M Single-Chip OBU (Onboard Unit) Single-chip design ETC onboard unit for vehicle toll collection. Sold to automotive OEMs for pre-installation.
• W-115B+ Bluetooth Dual-Chip OBU Dual-chip ETC device with Bluetooth connectivity for wireless configuration and online activation. Sold to vehicle owners through distribution.
• WER09-01i Roadside Unit (RSU) Road-side ETC antenna unit for toll collection at highway entrances and exits. Sold to highway operators and transportation authorities.
• WER13-01 Roadside Unit (RSU) Advanced road-side ETC unit for multi-lane toll collection and vehicle identification. Sold to highway operators.
• WER13-01F Roadside Unit (RSU) - Parking Variant Parking-optimized road-side ETC unit variant. Sold to parking operators.
• WER17-01 Parking Roadside Unit (RSU) Specialized road-side unit designed for parking lot ETC applications. Sold to parking operators.
• ONE-P1 Smart Parking Roadside Unit Intelligent road-side unit for urban parking management and automated fee collection. Sold to urban parking operators.
• ONE-PAD Tablet Issuance Device Tablet-based ETC device issuance and activation system for service centers. Sold to ETC service centers.
• WEIH351 Handheld Issuance Device Portable handheld device for ETC OBU issuance and management in field operations. Sold to ETC service centers.
• WEIF343 Desktop Issuance Device Desktop ETC issuance terminal for centralized service operations. Sold to ETC service centers.
• Vehicle Classification System (车型识别系统) Non-contact fixed vehicle classification system using laser scanning technology for precise vehicle profile measurement and type identification at toll gates. Sold to highway operators.
• Laser Traffic Condition Survey System (激光式交通情况调查系统) Automated traffic condition monitoring system using LiDAR technology for collecting traffic flow, freight volume, and road network operational data. Sold to highway operators and transportation authorities.
• Vehicle Detector (ETC门架车检器) Traffic flow detection system for highway ETC gantries that collects vehicle speed, flow data, and road operational status information. Sold to highway operators.
• Vehicle Profile Dimension Detection System Overload vehicle detection system using LiDAR-based scanning for vehicle dimension measurement and compliance monitoring. Sold to highway operators and enforcement agencies.
• Free-Flow Vehicle Profile Dimension Detection System Open-road vehicle dimension detection system for toll enforcement and overload monitoring. Sold to highway operators.
• Tunnel Safety Monitoring System (隧道安全监测系统) Integrated tunnel safety system combining vehicle classification and incident detection with LiDAR technology for high-precision monitoring and early warning. Sold to tunnel operators and highway authorities.
• Service Area Vehicle Management System Intelligent management system for highway service area vehicle access, parking, and space management using LiDAR detection and license plate recognition. Sold to highway service area operators.
• Dynamic Weighing Network Management System (治超联网管理信息系统) Comprehensive overload management platform based on big data technology that centralizes data from various weighing stations and provides unified business processing for enforcement agencies. Sold to transportation enforcement authorities.
• Non-Site Enforcement Solution (货车超限超载非现场执法解决方案) Automated enforcement system for off-site detection of overloaded vehicles including front-end detection systems for weight data collection and comprehensive management platforms for legal proceedings. Sold to enforcement agencies.
• Highway Entrance Overload Control Solution (高速公路入口治超解决方案) Integrated solution for highway entrance overload detection combining dynamic weighing, license plate recognition, and image capture with management platform integration. Sold to highway operators.
• Freight Source Overload Control Solution (货运源头治超解决方案) Enterprise-level overload monitoring system for freight origin facilities that detects overloaded vehicles before they enter public roads. Sold to freight companies and logistics operators.
• Combined-Scale Dynamic Weighing System (联体秤式动态称重系统) Combined-scale dynamic vehicle weighing system for high-speed weigh-in-motion applications. Sold to highway operators and enforcement agencies.
• Full-Vehicle Dynamic Weighing System (整车式动态称重系统) Complete-vehicle dynamic weighing system providing full-axle weight measurement for accurate overload detection. Sold to highway operators.
• Axle-Group Dynamic Weighing System (轴组式动态称重系统) Axle-group dynamic weighing system for vehicle weight classification and overload enforcement. Sold to highway operators.
• ONE-MATCH Precise Route Reconstruction Toll Collection System Intelligent toll collection system consisting of smart toll gates, AI recognition nodes, and cloud-based path fitting services. Reconstructs vehicle routes accurately for precise tolling by integrating ETC data with AI-based vehicle identification. Sold to highway operators.
• ETC Smart Parking Cloud Platform (智慧停车云平台) Multi-car-park centralized management cloud platform providing financial analysis, traffic flow reports, and operational data for parking lot operators. Sold to parking operators.
• ETC Smart Parking Solution (ETC智慧停车场解决方案) Parking lot access and fee collection solution using ETC technology for non-stop entry/exit and automated payment processing. Sold to parking operators.
• ETC Road-side Parking Solution (ETC路内停车解决方案) On-street parking management solution using road-mounted RSU antennas for vehicle identification and automated fee collection. Sold to urban parking operators.
• ETC Smart Fueling Solution (ETC智慧加油解决方案) Contactless payment solution for gas stations using ETC technology for seamless fueling transactions. Sold to gas station operators.
• Multi-ETC Lane Solution (多ETC车道解决方案) Multi-lane ETC system enabling multiple electronic toll collection lanes for increased throughput. Sold to highway operators.
• Ramp Free-Flow Solution (匝道自由流) Open-road toll collection system for highway ramps enabling free-flow traffic without stopping. Sold to highway operators.
• Vehicle Platooning Flexible Control System Flexible management system for autonomous driving dedicated lanes supporting truck platooning with intelligent lane isolation control, smart warning at merge/diverge zones, and beyond-line-of-sight perception. Sold to highway operators and logistics companies.
• Smart City Traffic Signal Optimization System Adaptive traffic signal control system implementing continuous closed-loop optimization including monitoring, incident reporting, scene analysis, control strategy, execution, and online simulation. Sold to urban traffic management authorities.

Quantifiable outcome

• ETC收费交易成功率、捕获率、车辆识别能力及数据匹配率均提升至99.5%
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• 同济大学coreStrategic or Co-development Partner · 1 January 2023万集科技与同济大学在智能交通领域开展深度合作，共同参与的「面向零事故愿景的智慧路口风险管控装备」项目在第48届日内瓦国际发明展荣获银奖，展示了新的激光雷达制备方法和交通风险评估模型。
• 清华大学coreStrategic or Co-development Partner万集科技与清华大学建立了长期的合作战略关系，在智能交通系统技术研发方面开展合作，覆盖车联网、自动驾驶、大数据等多个领域。
• 中国科学院coreStrategic or Co-development Partner万集科技与中国科学院建立长期合作战略，在智能交通系统技术研发方面开展多学科合作，覆盖光学、通信、自动控制、系统集成等领域。
• 北京理工大学coreStrategic or Co-development Partner万集科技与北京理工大学建立长期合作战略，在智能交通技术研发方面开展合作。
• 长安大学coreStrategic or Co-development Partner万集科技与长安大学建立长期合作战略，在智能交通系统技术研发方面开展合作。

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Iteris: US-based intelligent transportation systems and traffic management vendor offering detection, signal optimization and connected vehicle infrastructure — comparable to Wanji's traffic detection and smart intersection solutions, though serving primarily North American markets.

Direct peers

• China TransInfo Technology: Listed Chinese ITS vendor (Shenzhen 300077) providing urban traffic management, highway tolling, intelligent connected vehicle and smart-city solutions — direct overlap with Wanji's ETC, traffic management and V2X portfolios serving the same Chinese government and transportation customers.
• Datang Gaohua: China-based V2X and C-V2X chipset/module supplier and ITS integrator under Datang Telecom — competes with Wanji in V2X onboard units, RSUs and connected vehicle standards-driven deployments.
• Anhui Wantong Technology (Suncreate): Listed Chinese ITS integrator (Shenzhen 002331) specializing in highway toll collection, tunnel monitoring and traffic information systems — directly comparable to Wanji's highway tolling and tunnel safety monitoring businesses.

Broad incumbents

• ZTE Corporation: Global telecom equipment vendor with a smart transportation business unit spanning 5G/V2X, traffic management and smart-city platforms — broad incumbent competing with Wanji in C-V2X infrastructure and city ITS projects.
• Kapsch TrafficCom: Austrian-headquartered global ITS and tolling specialist with ETC, congestion charging, V2X and traffic management systems — comparable business model and product categories to Wanji's ETC and ITS portfolio, though operating internationally.
• Huawei (Smart Transportation): Dominant Chinese ICT incumbent offering end-to-end smart road and city transportation solutions (RSU, edge computing, cloud, AI) — broader portfolio than Wanji but directly contests V2X RSU and city-level ITS tenders.
• Cubic Transportation Systems: US/global transportation systems integrator providing tolling, traffic management and urban mobility solutions — comparable in product scope to Wanji's ETC, urban traffic and back-office systems, primarily operating outside China.

Emerging players

• Hesai Group: Chinese automotive LiDAR manufacturer (NASDAQ: HSAI) supplying mechanical and solid-state LiDAR for ADAS/robotaxi applications — directly comparable to Wanji's 8L/16L/32L automotive LiDAR product line targeting the same Chinese OEM customers.
• RoboSense (Suteng Innovation Technology): Chinese LiDAR specialist listed in Hong Kong, focused on automotive-grade LiDAR for ADAS and autonomous driving — competes with Wanji's LiDAR business for OEM design wins.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wanji-technology

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Beijing Wanji Technology