# 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.

- Type: Acquisition
- Announced: 2018-12-27
- Where: Guangzhou, China, China
- Value: $310.0M (2.13B CNY)
- Status: announced
- Capacity: 400,000 AT units per year
- Products: 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

- [newswire.ca](https://www.newswire.ca/fr/news-releases/into-the-future-gac-celebrates-milestones-of-its-new-energy-journey-and-kicks-off-venture-project-with-aisin-aw-703541002.html), 2018-12-27: "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."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5247962/gac-motor-aisin-aw-set-up-new-jv-for-producing-ats), 2018-12-28: "Chinese automaker GAC Motor and Japan-based Aisin AW have set up a new joint venture (JV) in China for manufacturing automatic transmissions."

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