News & Topics

Sep. 27, 2018

Details of Establishment of Joint Venture with Zhejiang Geely Luoyou Engine of Zhejiang Geely Group

Regarding the establishment of a joint venture with Zhejiang Geely Luoyou Engine of Zhejiang Geely Group, announced on April 25, we hereby announce newly determined matters, which were tentative or to be determined as of the date of the previous announcement.

The underlined are matters that were newly determined this time.
 

Outline

1. Company Name : ZHEJIANG GEELY AISIN AW AUTOMATIC TRANSMISSION CO,. LTD.
2. Location : No. 818, Binhaier Road, Hangzhouwan New District, Ningbo City, Zhejiang Province
3. Establishment : October, 2018 (to be determined)
4. Capital : USD 117 million
5. Investment Ratio : AISIN AW CO., LTD. 60%
      Zhejiang Geely Luoyou Engine Co., Ltd. 40%
6. President : Gakuji Honda
      (President of AW TIANJIN AUTOMOTIVE PARTS CO., LTD. and Deputy Chief Officer of Production Management Division at AISIN AW CO., LTD.)
7. Business : Manufacturing and sales of 6-speed FWD automatic transmissions
8. Production Capacity : 400,000 units annually
9. Production Start : February, 2020

Regarding the establishment of a joint venture with Zhejiang Geely Luoyou Engine of Zhejiang Geely Group, announced on April 25, we hereby announce newly determined matters, which were tentative or to be determined as of the date of the previous announcement.

The underlined are matters that were newly determined this time.

Outline

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