Investing.com -- Italian brake maker Brembo will create a joint venture with Chinese automotive components maker Ningbo Huaxiang Electronic to bring its Sensify intelligent braking platform to the Chinese market, the companies said Friday.
The partnership represents Brembo’s continued expansion in China after recently starting production for a major global manufacturer and securing new customer contracts.
"China is the world’s most dynamic and innovative automotive market," Brembo CEO Daniele Schillaci said.
NBHX Chairman Zhou Xiaofeng said the rapid development of advanced autonomous driving and intelligent chassis technologies is bringing opportunities to the industry.
The joint venture requires standard regulatory approvals before completion.
Bergamo-based Brembo introduced Sensify in 2021 as a braking system that can function independently on each of a vehicle’s four wheels. The fluid-free, by-wire intelligent braking platform is designed to integrate into software-defined vehicle architectures.
NBHX’s customer base includes Volkswagen, BMW, Ford, General Motors, Mercedes-Benz and Toyota.
Brembo supplies Tesla, Ferrari and Stellantis’ Maserati brand.
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