Zhejiang Shibo’s stock price rose as the company announced that the first mass production project for its steer-by-wire system is expected to begin production in the second half of next year.
$ZHEJIANG SHIBAO (01057.HK)$ The stock price once surged over 8%. As of the time of writing, it has risen by 5.63%, trading at HKD 5.25, with a turnover of HKD 150 million.
On the news front, Zhejiang Shibo recently stated during an analyst conference that the company has deep technological reserves in the fields of steer-by-wire and rear-wheel steering, securing design wins from multiple mainstream automakers. The first mass production project for steer-by-wire is expected to commence in the second half of 2026, while the first mass production project for rear-wheel steering is anticipated to begin this fourth quarter. These two product categories are mainly targeted at L3+ autonomous driving models and high-performance luxury…
