Bethel EPB business continues to grow, domestic substitution accelerates

Bethel is the largest EPB (electronic parking brake system) manufacturer in China, with a market share of about 25%. Its main competitors are BYD and Asia Pacific. With the advancement of downstream domestic substitution, the company's EPB business is expected to achieve a growth rate of 30% this year and next year. The company has recently received an EPB fixed-point order from a leading joint venture automaker, and mass production is expected in 2025. As a mature product, EPB has great potential for domestic substitution and profitability. Bethel's EPB business not only occupies an important position in the domestic market, but also performs well in the competition with foreign rivals such as Continental and Valeo.