Beijing Xinyangquan Electronic Technology Co., Ltd., established in 2012, is a National High-Tech Enterprise specializing in the R&D and promotion of proprietary autonomous navigation algorithm engines. In 2022, the company was listed among Beijing’s "Specialized, Refined, Differential, and Innovative" (SRDI) SMEs. It operates R&D centers in both Beijing and Shenzhen, with its algorithm engines powering products such as 360-degree surround-view parking assistance systems, automatic parking systems, and smart logistics robots.

Rooted in academia, the company’s core team hails from Beijing Jiaotong University and the Beijing Institute of Technology. It has received support from the Innovation Fund for Overseas-educated Scholars, the Beijing Innovation Fund, and the Ministry of Science and Technology’s National Innovation Fund. During its industrialization phase, the company secured investment from Mr. Lu Canguang (a figure in the automotive navigation industry), the Beijing Angel 100 Venture Capital Fund, and the Zhuhai Bohuiyuan Liangyi Investment Fund.

Positioning itself as a "chip companion," the company has developed two generations of algorithm engines, both built entirely from scratch—from the very first line of code—using proprietary technology. The first-generation "Hanqing" engine has achieved full commercialization; deployed in "3D surround-view" products, it is compatible with over 30 mass-produced chip models and has been installed in more than 5 million vehicles. It holds the largest market share in China’s automotive aftermarket and has been adopted in over 10 mass-produced vehicle models in the OEM market, with ongoing applications in commercial vehicles, specialty vehicles, and military vehicles. The second-generation "Hanqing 2.0" (a "perception-to-decision" engine) won a driverless vehicle competition hosted by a leading domestic automaker; 192 units have entered mass production, marking the largest single-project deployment of mass-produced driverless towing vehicles in this sector.