# SAIC HONGYAN Automotive Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saic-hongyan-automotive-co

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Chongqing, China
- Website: www.hytruck.com/
- Latest round: Series A (Mar 13, 2026)
- Investors on record: 3

## About

Based in Chongqing, China and founded in 2003, SAIC HONGYAN Automotive Co., Ltd. provides commercial transportation solutions for the logistics and construction sectors. It was originally established as "Chongqing Hongyan Automobile Co., Ltd." before being acquired by SDEC Power in 2021. After adopting its current name in 2022 to match its parent, SAIC Motor's business strategic transformation, the firm has been providing new energy heavy duty transport products to international enterprise clients across Africa, Southeast Asia and the Middle East. In March 2026, it closed a series A funding round.

The company specializes in the design and manufacturing of heavy-duty trucks and specialized vehicles, including tractor units, dump trucks, concrete mixer trucks, cargo trucks, bulk cement trucks and tanker trucks.

SAIC HONGYAN Automotive Co., Ltd. generates revenue from the direct sale and long term leasing of its commercial vehicles.

The company plans to use the series A funding to drive the comprehensive renewal of its vehicle product lines and accelerate the scaled deployment of its new energy heavy trucks in domestic and international markets.

## Funding rounds

- Series A, Mar 13, 2026 — Donghua Automotive Industrial, Chongqing development investment Co.,Ltd., Liangjiang Capital

## Investors

- Donghua Automotive Industrial — Series A
- Chongqing development investment Co.,Ltd. — Series A
- Liangjiang Capital — Series A