# Geely and Aisin form automatic transmission joint venture

Geely Holding Group formed a joint venture with Aisin AW to manufacture and sell front-wheel drive 6-speed automatic transmissions. Total investment is $117 million, with Geely subsidiary Geely Luoyou holding 40% and Aisin AW 60%. Annual capacity is 400,000 units, with operations starting in 2020.

- Type: Acquisition
- Announced: 2018-04-24
- Where: China
- Value: $117.0M
- Status: announced
- Capacity: 400,000 units per year
- Products: front-wheel drive 6-speed automatic transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geely Holding](https://endata.com/companies/25757.md)
- [Aisin AW](https://endata.com/companies/3198.md) (partner)

## Sources

- [caixinglobal.com](https://www.caixinglobal.com/2018-04-25/geely-teams-with-japans-aisin-to-make-auto-transmissions-101239233.html), 2018-04-25: "The new entity will 'principally engage in the manufacture and sale of front-wheel drive 6-speed automatic transmissions and related parts and components.'"

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