Gasgoo Munich- On October 9, Zhangjiakou Industrial Investment Holding Group, the controlling shareholder of BWI Group, successfully transferred its shares to Luxshare Precision in Shanghai. The three parties jointly announced the completion of Luxshare Precision's acquisition, granting it 100% ownership of BWI Group.Image source: BWI GroupFollowing the transaction, BWI Group is now a wholly-owned subsidiary of Luxshare Precision, fully integrating its automotive chassis operations—which span suspension, braking, and steering systems. This move marks a new chapter for BWI Group. It also solidifies Luxshare Precision's competitive edge and integration capabilities as a Tier 1 smart chassis supplier.Globally, the integration expands Luxshare Precision's R&D and manufacturing network across four key automotive regions: China, Europe, North America, and South America. The combined operations now include eight technology R&D centers, seven production bases, and two proving grounds. This significantly bolsters capabilities in global research and localized delivery.The equity delivery ceremony took place in Shanghai, where representatives from all three companies gathered to witness this milestone for the automotive chassis industry. As the integration moves forward, Luxshare Precision is poised to steadily strengthen its overall capabilities in the chassis sector.
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