无刷电机是一种通过电子转换器替代机械电刷和换向器的先进电机技术。EPS、EHB、EMB电机是电动 化、智能化底盘的核心部件。瑞溪电子的核心技术是无刷电机的生产工艺和研发工艺，核心团队经验丰 富，产品线完整，主打汽车底盘核心安全件无刷电机，包含转向电机、制动电机、悬挂电机、制氧电机 等。本次投资完成后，公司与瑞溪电子将围绕无刷电机应用领域开展深度合作，结合公司EHB、EMB 等产品，共同推进技术协同与产业融合，形成优势互补，提升公司市场竞争力。 格隆汇12月26日丨万安科技(002590.SZ)公布，公司于2025年12月26日与严文一女士签订了《关于浙江 瑞溪电子科技有限公司的股权转让协议》。根据转让协议，严文一女士将持有的浙江瑞溪电子科技有限 公司（简称"瑞溪电子"）的1.5%的股权转让给公司，股权的转让价格为人民币4,614,830元。同日，公司 与瑞溪电子、上海上汽创远创业投资合伙企业（有限合伙）（简称"上汽方"）、浙江哲琪投资控股集团 有限公司、张忠良、宁波市聚汇溪企业管理咨询合伙企业（有限合伙）、宁波市拓哲瑞企业管理咨询合 伙企业（有限合伙）、俞强共同签订了《关于浙江瑞溪电子科技有限公司之投资协议》 ...

无刷电机是一种通过电子转换器替代机械电刷和换向器的先进电机技术。EPS、EHB、EMB电机是电动 化、智能化底盘的核心部件。瑞溪电子的核心技术是无刷电机的生产工艺和研发工艺，核心团队经验丰 富，产品线完整，主打汽车底盘核心安全件无刷电机，包含转向电机、制动电机、悬挂电机、制氧电机 等。本次投资完成后，公司与瑞溪电子将围绕无刷电机应用领域开展深度合作，结合公司EHB、EMB 等产品，共同推进技术协同与产业融合，形成优势互补，提升公司市场竞争力。 格隆汇12月26日丨万安科技(002590.SZ)公布，公司于2025年12月26日与严文一女士签订了《关于浙江 瑞溪电子科技有限公司的股权转让协议》。根据转让协议，严文一女士将持有的浙江瑞溪电子科技有限 公司（简称"瑞溪电子"）的1.5%的股权转让给公司，股权的转让价格为人民币4,614,830元。同日，公司 与瑞溪电子、上海上汽创远创业投资合伙企业（有限合伙）（简称"上汽方"）、浙江哲琪投资控股集团 有限公司、张忠良、宁波市聚汇溪企业管理咨询合伙企业（有限合伙）、宁波市拓哲瑞企业管理咨询合 伙企业（有限合伙）、俞强共同签订了《关于浙江瑞溪电子科技有限公司之投资协议》 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call focuses on the **intelligent driving industry**, specifically the **steer-by-wire (SBW)** and **electronic control chassis** technologies, which are gaining traction in the automotive sector [1][2]. Core Insights and Arguments - **Electronic Control Chassis**: This technology replaces hydraulic systems with electronic systems, providing advantages such as digital reconstruction and active safety, while also reducing costs for automakers through platform development [1][2]. - **Market Penetration**: The **EHB (Electric Hydraulic Brake)** system has achieved a **60% penetration rate** in China, while the **EMB (Electric Motor Brake)** is expected to be implemented by **2026**. The EPS (Electric Power Steering) system has a penetration rate of over **99%** in the Chinese market [1][4]. - **Market Growth**: The EPS market in China is projected to grow from **40 billion yuan** to nearly **50 billion yuan** by **2028**, with the average price per vehicle increasing from **1,400 yuan** to over **1,500 yuan** [1][6]. - **Global Market Leaders**: The global EPS market is dominated by **JTEKT**, **Continental**, and **Bosch**, with Bosch leading the domestic market through joint ventures [1][7]. Important Developments - **Steer-by-Wire Technology**: This technology replaces mechanical transmission with electronic signals, allowing for faster response and more flexible operation. Currently, only the **NIO ET9** model is equipped with this technology, but its application is expected to grow with the development of **robotaxi** services, potentially reaching a market size of **35 billion yuan** by **2030** [1][9][13]. - **Component Development**: The core components of the electronic control chassis include braking, steering, and suspension systems. The EHB product benefits from electrification and has a **60% penetration rate** in the domestic market [4][18]. Competitive Landscape - **Key Players**: Major players in the steer-by-wire field include **JTEKT**, **Bosch**, and domestic companies like **Nexteer** and **Zhejiang Shibao**. These companies are actively competing to capture market share as the industry evolves [17][19]. - **Financial Performance**: Companies like **Nexteer** are expected to see significant profit growth, with a projected **120% year-on-year increase** in net profit by **2025** [3][20]. **Zhejiang Shibao** is also expected to achieve a **58% increase** in net profit by **2025** [21][22]. Future Trends - **Regulatory Environment**: The regulatory framework for robotaxi services is gradually being established globally, with countries like the U.S. and China making strides in legal support for autonomous vehicle operations [12]. - **Technological Advancements**: The steer-by-wire technology is anticipated to become essential for higher-level autonomous driving, with expectations of a **30% market penetration** by **2030**, translating to a **350 billion yuan** market size in China [26]. Additional Insights - **Market Dynamics**: The transition from hydraulic to electronic systems is not only a technological shift but also a strategic move to enhance safety and user experience in vehicles [11][18]. - **Investment Opportunities**: Companies like **Nexteer**, **Zhejiang Shibao**, and **Bertel** are highlighted as potential investment opportunities due to their strong market positions and growth prospects in the steer-by-wire and electronic control chassis sectors [23][24][26].