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Hubei Handing Intelligent Technology Co., Ltd. has recently announced the successful completion of a strategic funding round, raising tens of millions of yuan. This round was spearheaded by Hongrong Capital, with notable participation from several other institutions, including Desay SV and Wuchan Zhongda Group. The newly acquired funds are earmarked primarily for advancing the mass production of steer-by-wire technology and enhancing the production capacity for high-end EPS (Electric Power Steering) systems.
Established in 2020, Handing Intelligence has dedicated itself to the research, development, and manufacturing of automotive electric power steering systems as well as steer-by-wire systems. The company has successfully set up multiple production lines, boasting an impressive annual production capacity that surpasses one million units.
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