GAC Motor and Aisin AW form automatic transmission joint venture in Guangzhou

GAC Group's subsidiary GAC Motor signed a joint venture contract with Aisin AW to establish an automatic transmission company in Guangzhou. Total investment is $350 million, with GAC Motor holding 40% ($46.8 million). The JV will produce FF6-speed automatic transmissions with an annual capacity of 400,000 units, starting production in 2020.

“同意子公司广汽乘用车与爱信 AW 株式会社签署《合营合同》，并据此在广州共同出资成立自动变速器合资公司，项目总投资 3.5 亿美元。”beta.zhitongcaijing.com

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• beta.zhitongcaijing.com广汽集团(02238)：广汽乘用车出资0.468亿美元占股40%与爱信AW株式会社成立自动变速器合资公司Apr 25, 2018

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