On November 3, Shougang Group Information Office confirmed that BWI had spent nearly US$100 million. On November 2nd, it successfully acquired the shock-absorbing brake division of Delphi Corporation in Detroit. These business units have been the main vehicles in the United States, Europe and Asia. The company's automotive chassis parts preferred suppliers.

According to Fang Jianyi, Chairman of BWI, the new company will take over Delphi's world-class car chassis components production and processing bases and technology centers in the United States, Poland, France, the United Kingdom, Mexico and China, and continue to serve BMW, Audi. , Ferrari and General Motors and other top global automakers. At the signing ceremony held at the Chamber of Commerce Building in the Detroit area, Fang Jianyi said: "This acquisition enables Jingxi Heavy Industry to enter the high-end market for automotive chassis parts."

According to industry sources, the acquisition is a major event for overseas auto parts companies in China. The acquisition price is nearly US$100 million. The new company has 3,000 employees and is distributed in 13 countries and regions including North America, Europe and Asia. The production plant and R&D center for automotive shock absorbers and brakes are planned to actively use acquired technologies and talents to build a world-class automobile parts processing and manufacturing base in the Fangshan area of ​​Beijing, which will drive the development of the automobile industry in Beijing.

Delphi Corporation is one of the world's largest auto parts manufacturers. It is known for its emphasis on advanced technology and product quality. Its shock absorption and brake products enjoy the industry's best customer satisfaction.

The reporter learned that after the acquisition, Jingxi Heavy Industry will retain the original management team and strive to combine the international advanced technology with the domestic production capacity. Dan Wale, who has been working for Delphi for 40 years and will be conducting business at the new company, said shock absorbers and brake systems are key components of automotive comfort, ride comfort, safety and overall performance. The new company will Focus on developing these aspects and bring better value to customers.

BWI has a total of three investors, including 51% held by Shougang International Group, 25% by Beijing Fangshan District Government, and 24% owned by Baoan Investment and Development Company, an auto parts company. The acquisition has received strong support from the Beijing Municipal Government.