Senasic Electronics Technology has passed its listing hearing with the Hong Kong Stock Exchange and disclosed its post-hearing information pack on May 10. CICC and Guotai Haitong Securities are serving as joint sponsors.
According to IPO Zaozhidao, Senasic is the world’s third largest and China’s largest automotive wireless sensing system-on-chip (SoC) company. Contemporary Amperex Technology (CATL) has invested in the company across three consecutive rounds through Chendao Capital, making Senasic the only chip company in which CATL has made three consecutive investments to date, according to the same source. Before the IPO, CATL held a 4.88% stake in Senasic.
The company has also secured funding from venture capital and private equity investors including Granite Asia (formerly GGV Capital) Matrix Partners China, Walden International, Chengtong Mixed Reform Fund, China State-owned Capital Venture Investment Fund, SL Capital, which is backed by Legend Capital and SK Hynix, Hongtai Fund, Huatai Insurance Group, Huajin Capital, Xiamen C&D, Haiwang Capital, GF Xinde Investment, and Fibonacci VC.
Its industrial investors include Baolong, Sany Heavy Industry, SAIC Motor, Geely Capital, GAC Capital, the National Innovation Center of Intelligent and Connected Vehicles, Shangqi Capital, and Qufu Tianbo.
Founded in 2015 by Li Mengxiong and other Fudan University alumni, Senasic is built on a proprietary platform and focuses on three core functions: sensing, processing, and transmission. It has developed integrated, wireless, low-power, single-chip solutions that can be adapted across multiple use cases.
Senasic said its platform, which combines edge sensing and computing chip capabilities, has achieved scaled commercialization in two high-growth sectors: automotive and energy storage. The company said this has created a cycle of technology development, mass production validation, ecosystem expansion, and participation in industry standards, giving it the foundation to develop into a sensing and computing platform for physical artificial intelligence, a field focused on enabling machines and devices to perceive and respond to real-world environments.
As of December 31, 2025, cumulative shipments of Senasic’s automotive sensing SoCs had reached 241.9 million units. Its products had also achieved 100% coverage among China’s top ten automotive OEM (original equipment manufacturer) brands, according to the company.
Building on its automotive wireless sensing business, Senasic has used its scalable SoC platform to expand into other high-growth verticals since 2021, including energy storage and industrial electronics.
In energy storage, Senasic has deepened cooperation with companies including Gold Electronic on wireless battery management system (BMS) technology. Its sensor chips for energy storage applications enable real-time monitoring and management of energy storage batteries, addressing safety requirements and supporting its market expansion. Senasic generated sales revenue from the energy storage industry in 2025.
As AI moves from centralized cloud computing toward real-time edge intelligence, edge AI is becoming a key driver of industrial upgrading. More terminal devices are shifting from passive execution to local sensing and real-time decision-making. These systems are being applied in fields including automotive, robotics, energy storage, and industrial electronics. In this transition, edge sensing and computing chips sit at the entry point between data collection and intelligent decision-making, making them an important foundation for real-world edge AI deployment.
Senasic is reportedly one of the few edge chip platform companies in China with capabilities spanning platform-based technology, automotive-grade mass production, and reuse across multiple scenarios.
Over the longer term, Senasic could apply its high-performance edge intelligence technologies to new businesses. Robotic joint motors, for example, operate in environments with strong electromagnetic interference and need to detect angular changes as small as 0.01 degrees, along with subtle torque fluctuations. Senasic specializes in filtering noise and extracting valid data in high-interference environments, which could help improve sensing accuracy.
Senasic’s financial data points to its potential for diversified growth. In 2025, the company’s revenue reached RMB 478 million (USD 70.2 million). The company said this met the Hong Kong Stock Exchange main board requirement of at least HKD 500 million (USD 63.9 million) in audited revenue for the most recent year. In 2023 and 2024, Senasic recorded revenue of RMB 223 million (USD 32.7 million) and RMB 348 million (USD 51.1 million), respectively, representing a compound annual growth rate of more than 46% from 2023 to 2025.
All three of Senasic’s main product categories grew in 2025. Its fastest-growing segment was smart battery cells, where revenue rose 56.6% from RMB 42.7 million (USD 6.3 million) in 2024 to RMB 66.9 million (USD 9.8 million) in 2025. Revenue from smart general sensing increased 28.6% from RMB 89.1 million (USD 13.1 million) in 2024 to RMB 115 million (USD 16.9 million) in 2025. Revenue from smart tire chips rose 39.6% from RMB 209 million (USD 30.7 million) in 2024 to RMB 291 million (USD 42.7 million) in 2025.
Profitability also improved. Between 2023–2025, Senasic’s gross margin rose from 16.6% to 20.3%, then to 28.0%. Over the same period, its adjusted net loss narrowed from RMB 187 million (USD 27.5 million) to RMB 97 million (USD 14.2 million), then to RMB 31 million (USD 4.6 million).
In its prospectus, Senasic said the net proceeds from the IPO will be used mainly to expand its business scale and accelerate the commercialization of new products, enhance its R&D capabilities, expand its domestic and international sales networks, strengthen its market position, pursue strategic investments or acquisitions to support long-term development goals, and fund working capital and other general corporate purposes.
This article was adapted based on a feature originally written by Stone Jin and published on IPO Zaozhidao. KrASIA is authorized to translate, adapt, and publish its contents.
Note: HKD, RMB figures are converted to USD at rates of HKD 7.83 = USD 1 and RMB 6.81 = USD 1 based on estimates as of May 12, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.