Geely Brings the Production of Aisin Transmissions to China
The Chinese company Geely stated that they established a joint venture with Aisin Seiki, the Japanese manufacturer of automatic transmissions, to produce 6-speed FWD automatic gearboxes and relevant spare parts in China.
The joint venture, having the authorized
capital equal to $117 million, will be owned by Geely (40%) and Aisin (60%).
The Chinese automaker informed that the enterprise, starting manufacturing in
2020 with the production output capacity of 400 thousand gearboxes per year,
will ensure a consistent supply of transmissions for Geely vehicles.
According to Geely representatives, the company’s current gearbox output rate does not correspond to its growing demand. In addition, the new enterprise can provide more efficient transmission solutions. Thanks to the partnership with Aisin, Geely hopes to enhance its level of R&D and production capacity in the direction of sophisticated powertrain solutions. Both companies are determined to start a lasting and mutually profitable cooperation.
About Geely
Geely Automobile Holdings Limited is the
Chinese automobile company. Its headquarters are located in Hangzhou. The
company produces cars, SUVs, motorcycles, engines and transmissions. It owns
the brands Geely and Volvo, and also sells taxi cars under the brand name
London Taxi. Geely means “happiness” in translation from the Chinese. These
days, the company demonstrates steady growth, selling its cars on all
continents. The company implements the “Transformation Strategy”, which entails
refocusing from the policy of cost-cutting in manufacturing to innovative
solutions in design, quality, safety and manufacturability.
Informative video about Geely Automobile Holdings Limited
About Aisin Seiki
Aisin Seiki is the Japanese corporation, founded in 1949, which develops and manufactures systems and components for the automotive industry. Currently, the company provides engines, gearboxes, bodies and chassis, after-sale services and main automobile spare parts for different OEM producers. The company’s head office is located in Hyogo, Japan.
Learn more about Aisin Group
