Domestic unmanned logistics vehicle steering market share exceeds 50%, benchmarking Bosch and ZF, secures tens of millions in strategic round financing | 36Kr First
Summary
Hubei Handing Intelligent Technology Co., Ltd. completed a strategic financing round of tens of millions of yuan, led by Hongrong Capital with participation from Desay SV, Wuchan Zhongda, etc., to fund mass production of steer-by-wire (SBW) and upgrade high-end EPS capacity. The company is one of the few domestic suppliers covering the full range of steering products, holds over 50% market share in unmanned logistics vehicle steering, shipped over 20,000 units in 2025, and has entered the passenger car steer-by-wire segment.
Bubble analysis
This news mainly concerns the financing and business progress of an auto parts company, with weak direct relevance to the AI investment bubble. Although related to unmanned logistics vehicles and autonomous driving, the financing amount is only tens of millions of yuan and falls in the traditional auto supply chain, offering limited indication for the AI bubble.
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