Company Dossier
JOUAV
JOUAV is a Chengdu-based, Shanghai-listed maker of CW-series fixed-wing VTOL reconnaissance drones that Washington placed on its Chinese Military Companies list in 2025, citing dual-use ISR capability.
FILE · jouavOpen-source file · BattlePolicy ProStatus Private-sector but publicly listed (Shanghai STAR Market, 688070.SH); designated a 'Chinese Military Company' on the US DoD Section 1260H list (Jan 2025, retained Jun 2026). No BIS Entity List or OFAC designation found.Unverified
JOUAV
JOUAV is a Chengdu-based, Shanghai-listed maker of CW-series fixed-wing VTOL reconnaissance drones that Washington placed on its Chinese Military Companies list in 2025, citing dual-use ISR capability.
Founded
2010
HQ
Chengdu, Sichuan, China
Headcount
~800+company-stated
Total raised
Publicly listed (688070.SH, IPO Feb 2021); ¥5.48bn placement proposed 2025
Valuation
~$450–720M market cap~$750M company claim
Stage
PublicShanghai STAR Market
Restricted · BattlePolicy Pro
The rest of the JOUAV file
- ▸Background — founding, ownership and how the company got to here
- ▸Financial footing — rounds, valuation, backers and who is exposed
- ▸Customers & contracts — live join against our Procurement Tracker
- ▸Leadership — who runs it, and the contact surface
- ▸Competitive position — who it beats, who beats it, and on what
- ▸Battlefield relevance — confirmed combat use versus company claim
- ▸Sources — every citation this file is built on
- ▸Analyst verdict — where the evidence is thin and what would change our call