Most electric vehicles adopt cooperative braking systems that can blend friction braking torque with regenerative braking torque to achieve higher energy efficiency while maintaining a certain braking performance and driving safety. This paper presented a new cooperative regenerative braking system that contained a fully-decoupled hydraulic braking mechanism based on a modified electric stability control system. The pressure control algorithm and brake force distribution strategy were also discussed. Dynamic models of a front wheel drive electric car equipped with this system and a simulation platform with a driver model and driving cycles were established. Tests to evaluate the braking performance and energy regeneration were simulated and analyzed on this platform and the simulation results showed the feasibility and effectiveness of this system.