Leekr Technology: New Competitor in Chassis-by-Wire

Eyeing opportunities from the transition to electric vehicles, more veterans from international auto groups are their posts and setting up shop on leaving their own, hoping to disrupt the current solutions.

The ongoing auto chip shortages and higher battery costs have galvanized automakers to monitor the supply chain with concern. When referring to bills of materials, OEMs prioritize critical items like batteries and chips, and also not neglect other components, for example, chassis-by-wire. According to CITIC Securities, chassis accounts for 10% of total costs in a typical vehicle model. The X-by-wire strategy, which originated from the aircraft industry, is being gradually adopted in auto design, especially on EV chassis. It incorporates the braking, steering, accelerating and shifting systems.

The proliferation of EVs calls for more advanced chassis designs. Braking system experts are fixed on developing products that can meet various demands, such as faster response, safety redundancy, smaller size and weight and energy regeneration. To cater to the market appetite, Chinese startups are coordinating with OEMs to improve car driving experiences.

We interviewed Hui Zhifeng, founder and CEO of Leekr Technology (Chinese: 利氪科技), an innovative auto tech provider that just bagged CNY 200 million (USD30 million) in Series A and A+ funding rounds.

Founded in 2021, the nascent firm is managed by a group of veterans from Bosch and ZF Group. It specializes in developing Chassis-by-Wire and related components. Brake-by-Wire or Electro-Hydraulic Brake (EHB) marks their production debuted to the market. Their starting lineup includes DHB (Decoupled Hydraulic Booster), which is a vacuum-independent electro-hydraulic brake force booster (e-booster), and IHB (Integrated Hydraulic Brake) which is a single unit one-box electro-hydraulic solution that combines e-booster and ESC (Electronic Stability Control). The two products help Leekr acquire nine mass…