Analysis Report: Power Steering (Chinese Market)
Steer-by-wire supports autonomous driving, but commercialization remains a challenge
List of Suppliers
- Deco Automotive Co., Ltd.
- FAWER Automotive Parts Limited Company
- FAWER JTEKT Steering Systems (Changchun) Co., Ltd.
- Bosch HUAYU Steering Systems Co., Ltd.
- Zhejiang Shibao Co., Ltd.
- NASN Automotive Electronics Co., Ltd.
- HYCET Technology Group Co., Ltd.
Introduction
Among the key vehicle operations of “go, turn, and stop”, the steering mechanism is an important product that affects steering performance. Looking back at the history of the popularization of automobiles, the introduction of power steering, which makes steering easier, along with automatic transmissions and air conditioning, can be said to have been one of the mechanisms that made driving easier and more comfortable. In recent years, in responding to the CASE (Connected, Autonomous, Sharing, Electrified) trend, efforts have been made to improve steering performance through electrification and steer-by-wire operation, which has led to an increased demand for system redundancy.
This report focuses on the major Chinese power steering suppliers: Hubei Henglong Automotive System Group Co., Ltd., Yubei Steering System (Xinxiang) Co., Ltd., Deco Automotive Co., Ltd., FAWER Automotive Parts Limited Company, FAWER JTEKT Steering Systems (Changchun) Co., Ltd., Bosch HUAYU Steering Systems Co., Ltd., Zhejiang Shibao Co., Ltd., NASN Intelligent Tech (Zhejiang) Co., Ltd. (Formerly NASN Automotive Electronics Co., Ltd.), and HYCET Technology Group Co., Ltd. For more information on European and U.S. power steering system suppliers such as Robert Bosch GmbH (Bosch), Nexteer Automotive Group Limited (Nexteer), ThyssenKrupp AG, and ZF Friedrichshafen AG (ZF), please refer to Analysis Report: Power Steering (U.S. and European Markets). For Japanese system suppliers such as JTEKT Corporation, NSK Steering & Control. Inc., and Astemo, Ltd. (former Hitachi Automotive Systems, Ltd. and former Showa Corporation), please refer to Analysis Report: Power Steering (Japanese Market).
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