作为汽车安全的"最后一道防线"，汽车刹车系统一直备受争议，这些年的"单踏板之争"，纠结的也都是安全这个议题。毕竟，刹车系统的安全性，直接决 定着能否避免某些意外事故，守护驾乘安全。 EHB（也就是电子液压制动系统）作为"过渡性方案"，逻辑上比传统方案更具安全性，毕竟有了电子控制单元，可以实现单轮制动力精准分配了，集成 ABS、ESP 等主动安全功能之后，复杂路况下的制动稳定性有所提升。 不过，EHB 毕竟还在液压体系的范畴里，管路维护成本高、轻量化效果有限是其一，而且得配备冗余备份系统应对电控故障，安全隐患还是比较大。 而 EMB 就不一样了，这个技术其实就是全线控制动技术。它彻底摒弃了传统液压管路，核心逻辑是"电机直驱"。也就是每个车轮配备独立驱动电机，踏 板信号经电子控制单元处理后，直接指令电机通过减速机构驱动制动卡钳，完成制动力输出。 不过，明年开始，可能大家就不需要纠结刹车安全这件事了，因为，线控制动这个技术被新国标开了"绿灯"，可能要"上车"了。而如果真是这样，明年刹 车可能真会迎来史诗级更新。 那么，EMB 到底是什么？这种线控制动技术如果普遍用在汽车上，对咱们老百姓来说，会不会安全升级呢？接下来 ...

（原标题：上市公司起诉前员工团队！EMB量产前夜，一场专利竞夺悄然展开！） 近日，A股上市公司伯特利(603596)披露，公司作为原告，以侵犯知识产权为由，向苏州坐标系智能科 技有限公司（下称"坐标系"）、苏州时睿千驷科技有限公司（下称"时睿千驷"）、颜士富、杨昆、章贞 等5名被告提起诉讼。 三名自然人被告均是伯特利前员工，颜士富还曾短暂出任过公司总经理。 证券时报·e公司记者注意到，这是一场围绕EMB（电子机械制动系统）专利的诉讼。当前，EMB正处 于从技术研发到量产的前夜，国内外厂商均在争抢产业化先机。伯特利、坐标系均是这场产业竞赛的参 与方。 上市公司起诉前员工团队 伯特利成立于2004年，于2018年4月在A股上市。公司主要从事汽车底盘系统及智能驾驶系统的研发、 制造与销售。 伯特利认为，坐标系所取得的"一种线控底盘系统及控制方法""一种路面激励的手感模拟系统及控制方 法"等5项专利属于非法取得，颜士富、杨昆通过所获知的公司（即伯特利）EMB等产品的相关核心技 术秘密，并在中国境内以申请专利的方式披露了该技术秘密，坐标系将该专利申请权/专利权据为己 有，构成侵犯公司知识产权的违法行为。 企查查显示，坐 ...

Core Viewpoint - Berteli has filed a lawsuit against former employees and their new companies for alleged intellectual property infringement related to EMB (Electronic Mechanical Brake) patents, as the industry is on the verge of mass production of this technology [2][3]. Company Overview - Berteli, established in 2004 and listed on A-shares in April 2018, focuses on the research, manufacturing, and sales of automotive chassis systems and intelligent driving systems [3]. - The defendants include Suzhou Coordinate Intelligent Technology Co., Ltd. and Suzhou Shiruichansi Technology Co., Ltd., along with three former Berteli employees, including former general manager Yan Shifu [2][5]. Legal Context - Berteli claims that the patents obtained by Coordinate are illegally acquired, as the former employees used confidential technology from Berteli to apply for patents in China [3][6]. - The lawsuit centers on the assertion that the patents in question are considered "service inventions," which should belong to Berteli due to the nature of the employees' previous work [5][12]. Industry Dynamics - EMB technology is at a critical juncture, transitioning from research and development to mass production, with significant competition among domestic and international manufacturers [2][7]. - The EMB system is seen as a key advancement in automotive braking technology, offering advantages such as reduced weight, higher energy recovery efficiency, faster response times, and lower maintenance costs [7]. Market Potential - According to a report, EMB is expected to achieve mass production breakthroughs by 2025, with a projected market size of 11.98 billion yuan by 2030 [8]. - Various companies, including Yatai Co. and Great Wall Motors, are actively developing EMB systems, with significant advancements expected in the coming years [8][9]. Competitive Landscape - Berteli has made substantial investments in EMB technology, including a planned investment of up to 2.81 billion yuan for a production project [11]. - Coordinate claims to have the largest number of EMB patents in the industry, with rapid progress in developing their first-generation systems [9][10]. Legal Proceedings - The outcome of the lawsuit will depend on the quality of evidence presented by both parties, particularly regarding the timeline of development and the use of resources from Berteli [12].

Investment Rating - The investment rating for the company is "Outperform the Market" [5][31][32] Core Insights - The company achieved a revenue of 2.6 billion yuan in the first half of 2025, representing a year-on-year growth of 29.75%, and a net profit of 201 million yuan, which is a 92.12% increase year-on-year [1][6] - The company is expanding its automotive electronic control systems, with a compound annual growth rate of 32% from 2020 to 2024, and has initiated 114 new projects in the first half of 2025, with 55 related to electronic control systems [2][22] - The company is actively expanding its global presence, with overseas revenue currently around 3%, and is accelerating the construction of a production project in Morocco [2][30] - The company is enhancing its smart business initiatives, focusing on autonomous driving technologies and integrated solutions for electric vehicles [3][27] Financial Performance and Forecast - The company expects revenues to grow from 3.87 billion yuan in 2023 to 7.18 billion yuan in 2027, with a net profit forecasted to increase from 97 million yuan in 2023 to 625 million yuan in 2027 [4][33] - The net profit margin is projected to improve significantly, with an EBIT margin expected to rise from 3.5% in 2023 to 9.8% in 2027 [4][33] - The earnings per share (EPS) is anticipated to grow from 0.13 yuan in 2023 to 0.85 yuan in 2027 [4][33] Business Expansion and Client Base - The company has a diverse client base, including major domestic and international automotive manufacturers, and has entered procurement platforms for companies like Volkswagen, General Motors, and Honda [27][28] - The company has secured multiple contracts for new projects, including significant orders from leading automotive groups, which are expected to contribute substantial revenue in the coming years [25][31]

Core Viewpoint - The development of electric smart vehicles is significantly transforming traditional automotive components, particularly in suspension and chassis systems, with a growing focus on new components like Electro-Mechanical Brakes (EMB) [2][3]. Company Overview - Jingxi Zhixing, formerly known as Jingxi Heavy Industry, was established in 2009 through the acquisition of Delphi's global suspension and brake business. It was rebranded in 2025 and is a rare Chinese-controlled global automotive parts company with multiple R&D and production bases in China, North America, and Europe [3]. - The company specializes in advanced products such as magnetorheological suspension systems, air suspension, and EMB, leveraging its prior experience in traditional hydraulic braking systems [3]. EMB Technology Insights - EMB operates by converting electrical signals into mechanical braking force using motors, reducers, and ball screw mechanisms, differing from traditional hydraulic systems. It offers high response speed and control precision but faces challenges like thermal decay and electronic compatibility [5][8]. - The demand for EMB is driven by the need for high performance in electric vehicles, which require precise and efficient braking systems due to their heavier weight and advanced driving features [8]. Market Dynamics - The transition from hydraulic to EMB systems presents technical challenges, including high costs, which currently limit EMB adoption to high-end models. Many manufacturers are still using a mix of braking systems [9][12]. - The competitive landscape for EMB is intensifying, with several players entering the market. Jingxi Zhixing believes its extensive experience in braking systems provides a competitive edge that is difficult for newcomers to match [11][12]. Production and Commercialization Challenges - The high initial investment and long development cycles for EMB technology pose significant barriers to rapid commercialization. The company estimates that the development costs could reach several hundred million yuan over three years, with a cautious approach to mass production timelines [12]. - Jingxi Zhixing anticipates that EMB and hydraulic systems will coexist for at least the next decade, with significant cost reductions expected in the production of non-caliper components within 5 to 7 years [12]. Future Outlook - The company is optimistic about the potential of EMB but remains cautious about the timeline for mass production, predicting that overseas clients may see production by 2029, while domestic clients might achieve it by 2026 [12].