Hangzhou Hongquan Internet of Things Technology

What Hangzhou Hongquan Internet of Things Technology does

Hangzhou HopeChart IoT Technology Co., Ltd. (杭州鸿泉物联网技术股份有限公司) is a publicly listed Chinese Tier 1 automotive electronics supplier founded on June 11, 2009, and listed on the Shanghai Stock Exchange STAR Market (Sci-Tech Innovation Board) under ticker 688288 since November 6, 2019. The company specializes in intelligent connected vehicle (ICV) technology, with core products spanning T-BOX telematics units, tachographs, intelligent cockpits (IVI), body electronics controllers, instrument clusters, ADAS systems, and an OTA platform currently supporting 1M+ vehicles and 4M+ remote upgrades across 70+ component types for 20+ OEM customers. Underlying technology combines a proprietary HopeChart Neural Network (HQNN) framework released in 2018, V2X and 360-degree panoramic perception capabilities, predictive analytics for NEV battery and motor management, and telematics platforms operating across commercial vehicle fleets including Shaanxi (500K vehicles, largest CV platform in China), Foton (300K, second largest), and HIGER G-BOS (150K buses).

The company operates across five vehicle segments — commercial vehicles (primary), passenger cars, two-wheeled vehicles, pickup trucks, and off-road/specialty vehicles (ATV/UTV/golf carts) — and serves both front-loaded OEM integration (前装) and aftermarket channels. Revenue is generated through three streams: hardware sales of intelligent connected devices, subscription-based vehicle networking platform and fleet management services, and professional services including system integration and customization. Go-to-market is enterprise sales-led with direct OEM engagement, supported by three R&D centers (Hangzhou, Xi'an, Shanghai), manufacturing in Huzhou Anji, and a 41,196.4 sqm headquarters built with 270 million RMB investment. The company employs 700+ staff, holds National 'Little Giant' Enterprise designation (September 2024), maintains IATF 16949/ISO 9001/14001/45001 certifications plus CNAS laboratory accreditation, and is expanding through strategic partnerships with Adient (seat controllers), SINOTRUK (heavy-duty networking), GAC Aion (NEV thermal management), and Beijing Qianfang Technology (vehicle-road-cloud integration).

Name

Hangzhou Hongquan Internet of Things Technology

Legal name

杭州鸿泉物联网技术股份有限公司

Website

https://hopechart.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hangzhou HopeChart IoT Technology is a publicly listed Chinese Tier 1 automotive electronics supplier specializing in intelligent connected vehicle solutions — T-BOX, tachographs, ADAS, intelligent cockpits, and OTA systems — serving commercial vehicle, passenger car, two-wheeled, and specialty vehicle OEMs.

Ownership category

akta.pro rank

Product category

Automotive Electronics and Vehicle Telematics

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Electronic Components & Accessories (3670), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Automotive ECUs/Control Modules & Embedded Electronics Manufacturing (IMACAJAC)

akta.pro secondary industries

Automotive E/E Architecture Components Manufacturing (Domain/Zonal Controllers, Gateways, Network Switches) (IMACAJAI), Automotive Instrument Clusters, Displays & HMI Electronics Manufacturing (IMACAJAG), Automotive Infotainment, Telematics & Connectivity Hardware Manufacturing (TCU/V2X/GNSS) (IMACAJAH), OEM Embedded Connectivity & Telematics Platforms (TLAEAFAA)

Keywords

• Intelligent connected vehicles
• Vehicle telematics hardware
• Automotive electronics T-BOX
• Commercial fleet telematics
• ADAS driver assistance

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices5 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. Intelligent Connected Device Sales (Hardware + Software): Sale of automotive intelligent connected devices including T-BOX, tachograph, intelligent cockpit, body controllers, and instruments as OEM Tier 1 supplier. Hardware products combined with embedded software and platform connectivity services.
2. Vehicle Networking Platform and Services: Cloud-based fleet management, NEV management, OTA updates, and data analytics platform services sold alongside hardware to OEM customers and fleet operators.
3. Professional Services and Customization: System integration, installation, debugging, and after-sales technical support services for enterprise customers including system customization and training.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Hangzhou HopeChart IoT Technology Co., Ltd. designs, manufactures, and sells intelligent connected vehicle (ICV) hardware and software platforms as a Tier 1 automotive supplier. Core offerings include telematics control units (T-BOX), vehicle tachographs, intelligent cockpits (IVI), automotive body and domain controllers, digital instrument clusters, OTA over-the-air update platforms, new energy vehicle management systems, intelligent dump truck systems with ADAS, and fleet digital operations platforms for commercial vehicle, passenger car, NEV, two-wheeled, and specialty vehicle OEMs.

Product overview

Hangzhou Hongquan Internet of Things Technology (HopeChart) offers a comprehensive intelligent connected vehicle (ICV) product portfolio organized into five core product lines: 【斑马】tachographs, 【灵狐】T-BOX telematics units, 【孔雀】intelligent cockpits (IVI), 【章鱼】automotive controllers, and 【喜鹊】instrument clusters. These hardware products are complemented by solutions including OTA over-the-air update systems serving 1M+ vehicles, new energy vehicle management platforms with battery/motor predictive analytics, intelligent muck truck systems with ADAS capabilities, fleet digital operations services, and two-wheeled vehicle IoT solutions. The company serves four vehicle segments: commercial vehicles (trucks, buses, engineering), passenger vehicles, two-wheeled vehicles, and pickup trucks, with AI capabilities spanning predictive analytics, computer vision for 360-degree surround view, V2X communication, and process automation for fleet management.

Differentiator

Problem solved

Functional benefit

Products and services

• 【斑马】Tachograph (Vehicle Driving Recorder)

Quantifiable outcome

• Reduced traffic accidents and improved driver behavior through ADAS systems deployed on commercial vehicles
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship, core, minor and strategic.

• 北京千方科技股份有限公司 (Beijing Qianfang Technology Co., Ltd.)flagshipStrategic or Co-development Partner · 24 June 2024Strategic cooperation agreement signed on June 24, 2024 to accelerate 'vehicle-road-cloud integration' (车路云一体化). HopeChart will contribute V2X communication, single Beidou positioning, Beidou short message, and ADAS algorithms for commercial and passenger vehicle terminal development. Qianfang will contribute C-V2X protocol stack, road-side collaboration technology, edge perception algorithms, and cloud-edge management for road-side equipment and cloud control platforms. The partnership combines HopeChart's vehicle-side terminal expertise with Qianfang's road-side infrastructure and cloud platform capabilities.
• AdientcoreStrategic or Co-development Partner · 1 January 2023Strategic partnership established in 2023 for automotive controller development, specifically seat controllers for vehicles. Represents HopeChart's expansion into automotive electronics components beyond traditional telematics.
• 中国道路交通安全协会 (China Road Traffic Safety Association)minorOthers · 1 January 2022HopeChart admitted as a member unit in January 2022. The association was established in 1994 under the Ministry of Public Security and is a member of the International Road Traffic Safety Association (PRI).
• 浙江省北斗卫星应用产业协会 (Zhejiang Province Beidou Satellite Application Industry Association)coreOthers · 24 September 2021HopeChart elected as chairman unit of the association in September 2021, with Chairman He Junqiang serving as chairman of the second council. The association promotes Beidou satellite navigation and location services industry development in Zhejiang Province.
• 中国重汽集团 (SINOTRUK/China National Heavy Duty Truck Group)coreTechnology or Integration · 1 January 2021Cooperation agreement signed in 2021 for commercial vehicle intelligent networking solutions. SINOTRUK is one of China's largest heavy-duty truck manufacturers.
• 广汽埃安 (Aion/GAC Aion)strategicTechnology or Integration · 1 January 2021First integrated thermal management system model launched in cooperation with Aion for the passenger car market, representing HopeChart's entry into NEV passenger vehicle segment.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Continental AG: Global automotive electronics incumbent in instrument clusters, telematics, ADAS, and connected vehicle services. Competes with HopeChart in commercial vehicle telematics and T-BOX for global OEMs.
• Bosch Mobility Solutions: Global Tier 1 automotive supplier with broad ECUs, telematics, ADAS, and cockpit portfolios. Represents the scale competition HopeChart faces as it expands into passenger and premium commercial segments.

Direct peers

• Neusoft Corporation: Chinese IT services and automotive electronics firm with telematics, IVI, and ADAS product lines. Direct competitor in OEM telematics platforms and intelligent cockpit solutions for Chinese commercial vehicles.
• Joyson Electronics: Shanghai-listed automotive electronics supplier with HMI, cockpit electronics, and connected vehicle product lines. Comparable in scale and customer base across Chinese OEMs and global partnerships.
• Qiming Information Technology: Automotive telematics and intelligent connected vehicle subsidiary of FAW Group. Direct competitor in commercial vehicle networking platforms and T-BOX/telematics systems, with similar OEM-embedded GTM model.
• Desay SV Automotive: Shenzhen-listed Chinese Tier 1 automotive electronics supplier with overlapping intelligent cockpit (IVI), display, and connected vehicle product lines. Directly competes with HopeChart in IVI and instrument clusters for China's commercial vehicle and passenger car OEMs.
• INTEST (Wuhan Intest Electronic Technology): China-based T-BOX and automotive electronics manufacturer specializing in vehicle networking, ECUs, and telematics units. Most direct competitor in the T-BOX and connected vehicle controller segment.
• PATEO Corporation: Shanghai-based connected vehicle solutions provider focusing on telematics, IVI, and OEM cloud platforms. Offers comparable product portfolio across passenger and commercial vehicle OEMs in China.

Emerging players

• TuSimple: Chinese autonomous trucking technology company with overlap in commercial vehicle AI and ADAS. Tangentially comparable in the intelligent commercial vehicle space, though focused on L4 autonomy.

Others

• Beijing E-Hualu (China TransInfo): Chinese intelligent transportation and smart city technology provider. Adjacent to HopeChart's V2X and vehicle-road-cloud integration roadmap through road-side infrastructure and cloud platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hopechart

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Hangzhou Hongquan Internet of Things Technology