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Brembo partners with NBHX to localise Sensify braking platform in China

May 22 (Reuters) - Italian brake maker Brembo BRBI.MI will form a joint venture with Ningbo Huaxiang Electronic (NBHX) 002048.SZ, a Chinese automotive components maker, to localise its Sensify intelligent braking platform for the Chinese market, the companies said on Friday.

The deal marks Brembo's latest push into China following a recent start of production for a leading global manufacturer and new customer contract signings.

Brembo's shares in Milan rose up to 9.2% after the announcement

"China is the world's most dynamic and innovative automotive market" - Brembo CEO Daniele Schillaci

"The rapid development of advanced autonomous driving and intelligent chassis technologies is bringing unprecedented opportunities to the industry chain" - NBHX Chairman Zhou Xiaofeng

The joint venture is subject to customary regulatory approvals before closing

Bergamo-based Brembo first presented Sensify in 2021 as a pioneering braking system that can operate independently on each of a vehicle's four wheels

It is a fluid-free, by-wire intelligent braking platform built to integrate into software-defined vehicle architectures

NBHX's clients include Volkswagen VOWG.DE, BMW BMWG.DE, Ford F.N, General Motors GM.N, Mercedes-Benz MBGn.DE and Toyota 7203.T

Brembo supplies Tesla TSLA.O, Ferrari RACE.MI and Stellantis' STLAM.MI premium Maserati brand

(Reporting by Romolo Tosiani; Editing by Milla Nissi-Prussak)

((romolo.tosiani@tr.com))

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