May 2026
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Largest Automotive Software Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
ThunderSoft, Pateo Connect Tech, WeRide, Zwsoft and Qiming Information.
 | Thunder Software Technology Co Ltd is a China-based smart device operating system and platform technology provider. It provides smart device operating system solutions to consumers as well as enterprises. The company offers solutions for smartphones, tablets, smart TVs, camera solutions, mobile device management systems, application development platforms, and mobile security solutions. In addition, it also offers services such as carrier certification, Android OS upgrade, application development and maintenance, OS customization, and others. | IoT+1 | $11 | +32% | $5B | $5B | 4.0x | 28.9x | |
| Pateo Connect Technology (Shanghai) Corp is a smart cockpit solution provider in China. The company is a integrated IoV service provider offering active safety systems, automotive electronics, low-level automotive software, intelligent operating system (OS), application software, domestic & international Internet automobile ecosystem, mobile phone connectivity, communications operation, TSP platform development & operation services, cloud computing, big data, content services integration & operation, map engine software & cloud architecture, embedded voice & cloud platform solutions, to AI (Artificial Intelligence). | $22 | -- | $3B | $3B | 6.6x | (24.9x) | ||
| WeRide Inc operates in the autonomous driving industry. The company has developed a universal autonomous driving technology platform that integrates full-stack software algorithms, modularized hardware solutions, and a cloud-based infrastructure platform. The company provides autonomous driving products and services from L2 to L4 vehicles. The products of the company includes Robotaxi, Robobus, Robovan, Robosweeper, and others. The company earns its revenue from the People's Republic of China. | $8 | -24% | $3B | $2B | 16.4x | (7.6x) | ||
| Zwsoft Co Ltd (Guangzhou) is a reliable and innovative engineering software provider with its flagship products ZWCAD, ZW3D, and ZWSim. | $9 | -2% | $2B | $1B | 10.0x | 103.8x | ||
| Qiming Information Technology Co Ltd specializes in the research and development, manufacturing and services for automotive industry management software and automotive electronics products. | $3 | -5% | $1B | $942M | 8.3x | 64.4x | ||
| Yonyou Auto Information Technology (Shanghai) Co Ltd is in the field of automotive industry marketing and aftermarket services, providing customers with related software products and services. The company is engaged in computer hardware and software and network equipment, product and system integration technology development, technology transfer, technical service, technical consultation, and sales of electronic products. | $6 | +126% | $864M | $667M | 8.9x | 97.3x | ||
| Beijing Saimo Technology Co Ltd provides testing, validation, and evaluation of the functionality, compatibility, safety, reliability, and comfortability of ICVs in the PRC. The company generates the majority of its revenue from ICV simulation testing software and platforms. Geographically, the company generates all of its revenue from the PRC. | $2 | +7% | $232M | $184M | 4.8x | 8.7x | ||
| Arbe Robotics Ltd is a provider of 4D Imaging Radar solutions enabling driver-assist systems while paving the way for fully autonomous driving. It is a research and development company in the field of chips for Advanced radar systems, which are mainly intended to be used as Advanced Driver Assistance Systems (ADAS) adapted for autonomous vehicles as well as for non-automotive uses. Its geographical segments include Sweden, China, Germany, Hong Kong, USA, Israel, Switzerland, Italy, and others. | $1 | -32% | $139M | $121M | 117.6x | (3.2x) | ||
| JiaChen Holding Group Ltd is engaged in the manufacturing and sales of access flooring products and provides related installation services. Its segments consist of Steel access flooring plates and Calcium-sulfate access flooring plates. Its access flooring products have been applied in office buildings in China with characteristics of cable management (wires and cables are managed and organized underfloor with flexibility to accommodate any electronic devices); short installation time; high compressive strength and fire-resistance characteristics; and high bearing capacity. The geographical presence of the company is in Hong Kong, PRC, and Other countries and regions. It generates the majority of its revenue from the PRC. | $0 | -- | $25M | $26M | 0.9x | 13.7x | ||
| Autozi Internet Technology (Global) Ltd provides high-quality, affordable, and professional one-stop automotive products and services through online and offline channels in China. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of MBS stores, it has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers, and insurance companies with MBS stores and various automotive owners. Its business segments include new car sales, auto parts and auto accessories sales, and automotive insurance-related services. The majority of revenue is from the auto parts & auto accessories sales. | $1 | -95% | $6M | $25M | 0.2x | (1.8x) | ||
| Median | $4 | -4% | $954M | $805M | 7.4x | 11.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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