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Sina Finance has included the EPS market report published by QYResearch.
According to QYResearch, according to the global downstream application of EPS, passenger car is the largest downstream market, accounting for 91.5% share. From the perspective of China's passenger car steering system market, the penetration rate of EPS in China's passenger car market from 2020 to 2022 will be 96.5%, 97.6% and 98.8% respectively, which is basically close to the peak.
According to QYResearch, the top five manufacturers will occupy 80% of the market share in 2022, with the largest manufacturer being Jetag, accounting for 30%. In comparison, the share of domestic EPS suppliers is relatively small, but there is a large space for domestic substitution.
Source: Sina Finance
More: https://finance.sina.com.cn/stock/hkstock/ggscyd/2024-11-17/doc-incwiwth7587855.shtml
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