New stock news | Bethel Automotive Safety Systems (603596.SH) submits listing application to the Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 21st, Wuhu Bethel Automotive Safety Systems Co., Ltd. (603596.SH) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. The prospectus shows that Bethel Automotive Safety Systems is a leading Chinese supplier of automotive intelligent chassis systems. According to Frost & Sullivan, by 2025, the company ranks first in market share in China's electronic parking brake systems and line control brake systems market among Chinese brand suppliers, with market shares of 14.2% and 8.6% respectively, by revenue.