New Lead Investor for BWI Group
BWI Group announced on September 19, 2022, that Beijing West Smart Mobility Zhangjiakou Automotive Electronics Co., Ltd., led by Zhang Jia Kou Financial Holding Group (ZJKFH) and an assembled syndicate of key investors has acquired the majority ownership shares in BWI Group (BWI). ZJKFH, brings a long-term vision to invest and grow the global BWI business.
As the lead investor, ZJKFH will cooperate with other investors to provide the benefit of their financial strength and diversified industrial portfolio to BWI. The new shareholders will operate the business with a team of experienced automotive executives led by Mr. George Chang, who is named Chief Executive Officer. Mr. Chang and his experienced global leadership team will focus on several business objectives including improving top line revenue growth and driving manufacturing excellence.
About Zhang Jia Kou Financial Holding Group (ZJKFH)
ZJKFH originated in the city of Zhangjiakou and is a diversified financial holding group. The city of Zhangjiakou is one of the car manufacturing bases in northern China hosting a series of major producers as well as several auto parts suppliers.
About George Chang
Mr. Chang is a well-regarded automotive executive with industry experience at Nissan and Autoliv. For the latter he held various leadership positions, the most recent being Global President for Autoliv’s $8.0 B passive safety business.