In its institutional research endeavors, Zhejiang Shibao has showcased substantial expertise in the realm of steer-by-wire systems, boasting mature software and hardware technologies. The company has successfully secured partnerships with numerous mainstream automakers for the deployment of its systems. These projects, including those specifically designated, are progressing smoothly, with some anticipated to transition into mass production by 2026. As we gaze into the future, the proliferation of L3+ autonomous driving technology and the gradual easing of related regulations portend a promising outlook for the steer-by-wire system, a pivotal component in this evolving landscape.
