GAC Motor and Aisin AW launch joint venture for automatic transmission manufacturing

GAC Motor and Aisin AW held a foundation stone laying ceremony for a joint venture to manufacture automatic transmissions in Guangzhou, China. The joint venture has an investment of RMB 2.13 billion (US$310 million) and aims for an annual production capacity of 400,000 AT units.

“GAC Motor and Aisin AW opened the new joint venture with an investment of RMB 2.13 billion (US$ 310 million), and the annual value of production will be over RMB 3.5 billion (US$500 million), aiming to achieve annual production capacity of 400,000 AT units.”newswire.ca

• 2 sources
• newswire.caInto the Future: GAC Celebrates Milestones of Its New Energy Journey and Kicks off Venture Project with Aisin AWGAC MotorDec 27, 2018
• autotechinsight.spglobal.comGAC Motor, Aisin AW set up new JV for producing ATs - Automotive Technology Insight | Forecasts | Industry News | Supply ChainDec 28, 2018

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