News & Topics

Apr. 25, 2018

Setting up Joint Ventures with Chinese Car Manufacturers

Aisin AW decided to set up companies to manufacture automatic transmissions (AT) in China as joint ventures with Chinese car manufacturers of Guangzhou Automobile Group Motor Co., Ltd. (hereinafter, “GAC Motor”) and Zhejiang Geely Luoyou Engine Co., Ltd. of the Zhejiang Geely Group (“Geely Automobile”), respectively.

Aisin AW started production of ATs in China by a joint venture with China FAW Group Co., Ltd. in 2004. Both of the new joint ventures to be set up with GAC Motor and Geely Automobile are expected to manufacture around 400,000 units of 6-speed FWD AT annually.

Through these joint ventures, Aisin AW will establish long-term relationships with GAC Motor and Geely Automobile, with a view to enhancing the competitiveness of its powertrain business in China. 
 

Outline of Joint Venture with GAC Motor

Location Guangzhou City, Guangdong Province
Establishment Within 2018
Capital USD 117 million
     Aisin AW: 60%
     GAC Motor: 40%
Business Manufacture and sales of 6-speed FWD automatic transmissions
Production Capacity 400,000 units annually
Production Start Within 2020

 

Outline of Joint Venture with Geely Automobile

Location Zhejiang Province
Establishment Within 2018
Capital USD 117 million
     Aisin AW: 60%
     Geely Automobile: 40%
Business Manufacture and sales of 6-speed FWD automatic transmissions
Production Capacity 400,000 units annually
Production Start Within 2020

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