The rise of independent brands drives the transformation of the drive-by-wire chassis market

With the vigorous development of China's new energy vehicle industry and the strong rise of independent brand car companies, the wire-controlled chassis market is undergoing a profound change. Local suppliers are making a strong breakthrough and their market share is increasing rapidly. Local manufacturers such as Bethel, Nason, Tongyu Automobile, and Li Ke Technology have achieved large-scale production of products in the field of wire-controlled braking, and their market share has increased from 8% in 2022 to about 20% in 2023.