# 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.

- Type: Acquisition
- Announced: 2018-04-24
- Where: Guangzhou, China
- Value: $350.0M
- Status: announced
- Capacity: 400,000 units per year
- Products: FF6-speed automatic transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GAC Motor](https://endata.com/companies/31539.md)
- [Aisin AW](https://endata.com/companies/3198.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/121216.html), 2018-04-25: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.