Shanghai EV supplier Leekr to double production capacity amid surging orders
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The company will not be able to execute new orders for its chassis control systems without installing new facilities, Su Ganting, Leekr’s co-founder, told the Post on Wednesday.
“Growth of the new-energy vehicle [NEV] industry [in China] has largely outpaced our production expansion,” he said. “We want to grasp opportunities to work with more partners to maintain our [growth] momentum.”
A chassis control system, or chassis by wire, refers to the use of electrical or electromechanical systems to perform vehicle functions traditionally achieved by mechanical linkages. These systems are increasingly being adopted in battery-powered vehicles, as they ensure the safety of cars while improving their driving range.
According to a report by Citic Securities, the chassis accounts for 10 per cent of the total cost of making a vehicle. Chassis by wire involves control over braking, steering, accelerating and gear-shifting systems.
