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Zhejiang Shibao stated at the analyst conference that the company's technical reserves in the fields of steer-by-wire and rear-wheel steering are deep, and it has already received orders from several mainstream car manufacturers for the first mass production project of steer-by-wire steering, which is expected to start production in the second half of 2026. The first mass production project for rear-wheel steering is expected to start production in the fourth quarter of this year. These two types of products are mainly targeted at L3+ intelligent driving models and high-performance luxury models, with high technological barriers and broad market prospects.
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