炯熠电子：从“卡脖子”到“掰手腕”，加速国产化进程

Core Viewpoint - The company JY Electronics is making significant strides in the development of Electronic Mechanical Braking (EMB) systems, aiming to disrupt the traditional braking system market dominated by international giants like Bosch and Continental [1][2] Company Overview - JY Electronics, founded in 2022 in Suzhou, has a core team with over ten years of experience from leading companies such as Bosch and Continental, focusing on high-end braking systems [1] - The company has completed four iterations of its EMB system, achieving a braking response time of under 100 milliseconds, which is twice as fast as traditional hydraulic systems [1] Funding and Growth - In June, JY Electronics announced the completion of nearly 100 million yuan in Pre-A+ financing, led by Hongrong Capital and Xincheng Capital, with existing investors Xiaomi Industrial Investment and Hengxu Capital increasing their stakes [1] - The funding is intended to transition the EMB system from testing to commercial production [1] Market Potential - The EMB technology, which replaces hydraulic transmission with electric signals, is seen as a crucial component for smart vehicles, with a current domestic market penetration rate of less than 10% [2] - JY Electronics has established a technological moat through numerous patents covering transmission structures and software algorithms, positioning itself for significant market growth as the technology matures [2] Production Capabilities - The company has built the first domestic MGU assembly line and EMB assembly line, enabling flexible production of various specifications [2] - JY Electronics' products are competitively priced compared to international counterparts and have already secured testing agreements with over ten mainstream automotive manufacturers [2]