On Jan. 9, Gasgoo noted that corporate filings on Tianyancha show Beijing QCraft recently updated its registration, lifting registered capital to CNY 1.15 billion from 850 million — an increase of about 35%.
Founded in May 2019, the company lists Yu Qian as its legal representative. Its business scope spans application software services, computer system services, basic software services, software consulting, artificial-intelligence application software development, AI industry application system integration, information system integration, and sales of intelligent in-vehicle equipment. Shareholder records indicate the company is wholly owned by Qingzhou (Hong Kong) Technology Co., Ltd.
Image source: Tianyancha screenshot
In November 2025, at the 2025 Guangzhou Auto Show, QCraft announced that cumulative installations of its driver-assistance system lineup had approached 1 million units, and were expected to cross that threshold soon.
Image source: QCraft
According to management, the rapid build-up owes to deep partnerships over the past two years with more than a dozen mainstream domestic automakers. Its technologies are now applied across over 20 mass-produced passenger models on sale, covering segments from entry-level to premium brands.
The company said the 1 million-unit expectation is based on signed orders and current production schedules; the exact timing will depend on subsequent vehicle production and delivery cadence. The announced "million in mass production" milestone primarily refers to its L2 and L2+ driver-assistance solutions.
