China's Hading Intelligent raises tens of millions of yuan as its logistics-vehicle steering tops 50% share
What's the deal? Hubei Hading Intelligent Technology has closed a strategic financing round worth tens of millions of yuan, led by Hongrong CapitalDealroom has a profile for this one. Try Dealroom →. Follow-on investors included listed firms Desay SVDealroom has a profile for this one. Try Dealroom →, Wuzhou ZhongdaDealroom has a profile for this one. Try Dealroom →, Yangtze River Industrial Investment Group, Haichuan Capital, Tianhong InvestmentDealroom has a profile for this one. Try Dealroom →, and Jiangyuan Investment.
What does the company do? Founded in 2020 and based in Wuhan, Hading Intelligent develops and produces automotive Electric Power Steering (EPS) and Steer-by-Wire (SBW) systems. Founder Liu Zejin has nearly 20 years in the field, having led steering work at Dongfeng MotorDealroom has a profile for this one. Try Dealroom →, Hubei HenglongDealroom has a profile for this one. Try Dealroom →, and NexteerDealroom has a profile for this one. Try Dealroom →.
By the numbers: Its steering system for unmanned logistics vehicles is its strongest segment, fitted to more than 40 vehicle models. Shipments passed 20,000 units in 2025, giving it a domestic market share above 50%.
What's the money for? The funds will mainly support mass production of SBW technology and a capacity upgrade for high-end EPS. Hading has run SBW technology verification since 2021, completing a redundant safety architecture and an extreme-cold test at -40℃ in Heihe.
Why now? Electrification and autonomous driving are reshaping a steering market long dominated by BoschDealroom has a profile for this one. Try Dealroom →, ZF, and Nexteer. SBW, which removes the mechanical link between steering wheel and wheels and transmits commands electrically, is seen as a core component for L3 and higher autonomous driving — opening a window for local suppliers.
What's the endgame? Hading runs three parallel business lines: EPS, logistics-vehicle steering, and passenger-vehicle SBW, which it calls its largest future growth driver. It is among the few Chinese suppliers offering a full range of EPS products, and says it has reached mass production of R-EPS assembly — the highest-difficulty EPS product — breaking a long-standing foreign monopoly.
The signal: A domestic supplier scaling past 50% share in one niche and moving into SBW shows how China's push into higher-level autonomy is prying open segments once locked up by global incumbents.
Read more: eu.36kr.com
Image credit: Hubei Handing Intelligent Technology
