Automobile and parts industry, brake by wire is the trend, the first to benefit from the layout-shdoclc.dll

Automobile and parts industry: brake by wire is the trend of the first layout to benefit the Orient Securities issued in September 30th automobile and parts industry research report, the report is as follows: the core idea of the main investment strategy. Autopilot is an inevitable trend in the development of the automobile industry, and the executive system is the key part in the industrial chain, the chassis brake system is an important part of the implementation of system, with the future of the brake technology and enterprise layout chassis braking system technology leader, leading the bottom disc brake system is expected to significantly enhance the permeability of IBS, including. MKC1, EMB and other supporting capacity is expected to increase dramatically, relevant recommendations focus on the layout of the braking system of advanced technology: Tuopu group, Ningbo science and technology, etc. in wanan. The important role of chassis brake system in automatic driving. Automatic vehicle driving from decision-making command to complete through the implementation of system, the brake control is automatic driving system, automatic driving control module receives the instruction execution operation of the vehicle, the vehicle dynamic control (throttle and gear), chassis (steering and braking) and electric appliances etc. the implementation of the system, realize the speed and direction control automatic driving. ADAS and brake system highly related function modules mainly include ESP, AP, ACC and AEB, etc.. The evolution of chassis brake system technology: brake by wire is the development trend. The technology of automobile chassis brake system has electronic control and hydraulic integration more braking function from the traditional hydraulic and pneumatic braking to the development of a single combination, in order to achieve the stability of body structure and can realize the intelligent driving function, is expected to line control of the long-term development trend of automobile braking technology, brake by wire can the depth of integration of intelligent driving function module. Brake by wire instead of part of hydraulic pressure unit by electronic device, mainly including hydraulic brake EHB and brake by wire mechanical brake EMB. Hydraulic brake by wire includes BOSCH’s IBS system and continental MK C1 system. The main advantage of EMB technology is compact and simple structure, shorten braking time and distance, and easy to intelligent driving module integration. Competition at home and abroad: the leader in scale and technology leading, first layout first benefit. The main suppliers of brake system are mainly distributed in Europe, the United States and japan. The first echelon: BOSCH, continental and ZF group (ZF); the second tier: European and Japanese love Connor Texas, third echelon: European Brembo, WABCO, Hitachi of Japan, letter etc.. The major domestic BWI, Wanxiang Group, Wuhan Yuanfeng, Wuhu Bethel in non listed enterprises layout of automobile chassis braking system; the main company layout chassis brake system in the listed company have Tuopu group, Wanan technology, Asia Pacific shares, is expected to start the first to benefit from advanced technology layout. Path choice to break through technical bottleneck. Is mainly reflected in: independent research and development of advanced technology, and gradually master the chassis of epitaxial acquisitions directly penetrate into the chassis brake field, combination of the product competitiveness and market share, the commercial vehicle as the starting point to enter the field of automatic driving chassis brake. Investment proposals and investment proposals focus on the subject: Billiton group (601689),.

汽车与零部件行业:线控制动是趋势 先布局者先受益 东方证券9月30日发布汽车与零部件行业研究报告,报告摘要如下:  核心观点主要投资策略。自动驾驶是汽车产业发展的必然趋势,而执行系统又是产业链中关键部分,底盘制动系统又是执行系统的重要组成部分,未来随着底盘制动系统技术的进步及企业布局领先的制动技术,领先的底盘制动系统的渗透率有望大幅提升,包括IBS、MKC1、EMB 等配套量有望大幅提高,建议重点关注已布局制动系统先进技术的相关公司:拓普集团、万安科技、宁波高发等。底盘制动系统在自动驾驶中重要作用。汽车自动驾驶中从决策层发出命令需要通过执行系统完成,制动控制是自动驾驶执行体系,接收自动驾驶控制模块操作车辆的执行指令,控制车辆动力(油门和档位)、底盘(转向和制动)和电子电器等系统的执行,实现自动驾驶的速度和方向控制。ADAS 与制动系统高度关联的功能模块主要包括ESP、 AP、ACC 及AEB 等。底盘制动系统技术的演进:线控制动是发展趋势。汽车底盘制动系统技术经历了从单一的传统液压、气压制动发展到融合较多制动功能的电控与液压结合的方式,为了实现车身结构的稳定并能实现智能驾驶功能延伸,预计线控制动将是汽车制动技术的长期发展趋势,线控制动可以深度融合智能驾驶功能模块。线控制动以电子原器件代替部分液压 气压单元,主要包括线控液压制动EHB 及线控机械制动EMB。线控液压制动包括博世的IBS 系统和大陆的MK C1 系统。EMB 技术主要优势在于结构紧凑而简单、缩短制动时间和距离、易于智能驾驶功能模块融合。国内外竞争格局:龙头在规模和技术上领先,先布局者先获益。国外主要的制动系统供应商主要分布在欧洲、美国、日本。第一梯队:博世、大陆集团和采埃孚(ZF)集团;第二梯队:欧洲的克诺尔和日本的爱德克斯,第三梯队:欧洲的布雷博、威伯科,日本的日立、日信等。国内在汽车底盘制动系统布局的非上市企业主要有京西重工、万向集团、武汉元丰、芜湖伯特利等;上市公司中布局底盘制动系统的主要公司有拓普集团、万安科技、亚太股份,预计先布局先进技术的有望最先受益。突破技术瓶颈的路径选择。主要体现为:自主研发逐步掌握底盘先进技术、外延式并购直接渗透进入底盘制动领域、强强联合提升原有产品竞争力和市场份额、以商用车为切入点进入自动驾驶底盘制动领域。投资建议与投资标的建议重点关注标的:拓普集团(601689,买入)、万安科技(002590,未评级)、宁波高发(603788,买入)。自动驾驶汽车推广进程低于预期,影响底盘制动系统的配套量;企业自身自动驾驶进程低于预期。相关的主题文章: