The automatic transmission (AT) joint venture between GAC Motor, a self-owned subsidiary of GAC Group, and the world-renowned AT manufacturer Aisin AW has been recently put into construction at the GAC Intelligence & Connectivity NEV Industrial park in Guangzhou, according to local media outlets.
The joint venture, dubbed GAC Aisin Automatic Transmission Co., Ltd, is the first automatic transmission joint venture program introduced by Guangzhou, the capital of China's Guangdong Province. Its launch of construction signifies a further step of the collaboration between the China-owned car brand and the world’s leading core auto parts provider, and is also an elevated fruit for GAC Group in supply chain building.
GAC Motor and Aisin AW held the signing ceremony of the AT joint venture program in Beijing on April 24, 2018. According to the agreement, both parties would conduct the cooperation in manufacturing, sale, after-sale service and relevant technical consultation of the AT and AT-related components to jointly enhance both parties’ products competitiveness and brand premium capability.
Foundation stone-laying ceremony of the AT joint venture was hosted on December 23, 2018. Focusing on producing 6-speed ATs, the joint venture is scheduled to kick off mass production by the end of 2020 with a predicted annual output worth over RMB3.5 billion and a planned capacity of 400,000 ATs per year.
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