Chinese auto supplier Beijing West Smart Mobility raises 2 billion yuan in Series A financing

Shanghai (Gasgoo)- Recently, Beijing West Smart Mobility Zhangjiakou Automotive Electronics Co., Ltd. (referred to as “Beijing West Smart Mobility”), a Chinese supplier of automobile chassis suspension and braking systems, announced the completion of a Series A funding round that raised 20 billion yuan.

The round was led by Zhangjiakou Financial Holdings Group, with significant participation from notable institutions like the Shenshan Special Cooperation Zone of Shenzhen, Shenzhen Investment Holdings, Hopu Investment, and more.

Established on July 20, 2022, Beijing West Smart Mobility successfully acquired 55.45% stake in BWI Group by September 16 of the same year. The latter is a global leader in the R&D and production of chassis systems.

Suspension system from BWI Group; photo credit: BWI Group

BWI Group's product line includes key components such as brakes and shock absorbers. The company prides itself on its ability to develop and manufacture world-class auto stabilizer bars, drive control height control systems, air suspension supply modules, OneBox and TwoBox smart integrated braking systems, among other key product components.

BWI Group's client base covers over 50 global automotive brands, including internationally recognized car companies such as Lamborghini, Ferrari, Porsche, Audi, Mercedes, BMW, Volkswagen, General Motors, Ford Motor, Volvo, and Stellantis. It also includes Chinese domestic brands like Geely, Changan, Great Wall Motor, Chery, and new Chinese car manufacturers like NIO, XPeng, and Leapmotor.

Additionally, BWI Group has deployed nine production plants, seven technological R&D centers, and three testing grounds worldwide. It employs nearly 5,000 people, with R&D personnel accounting for over 20% of the workforce.