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New faces and enterprises in the automotive industry can generate creative ideas and solutions that are important for both transmission specialists and ordinary drivers and users. New plants opened on different territories are worth tracking as well.
AW Texas, an affiliate of Aisin AW Co. Ltd., broke ground on its 3-rd transmission production facility in the US. The 159-acre plant, placed in Cibolo, TX, will be specialized in manufacturing of automatic transmission units. This promising project should create about 900 new jobs to the area during the next 5 years.
ATC Drivetrain ("ATC"), a major producer of auto drivetrain elements, has recently announced the start of a joint venture (JV) with Luwote (Zhangjiagang) Power Remanufacturing Technology Co., Ltd. ("Luwote"). The new enterprise will be located in China.
American Axle & Manufacturing (AAM), a major producer of vehicle driveline solutions, has recently announced the launch of a new production facility in Spain. The main task of the new enterprise is to satisfy a growing demand for quality parts from major European automakers. A product portfolio of this facility includes a full range of vibration control and damper solutions.
ZF Friedrichshafen has recently opened a production facility in Pančevo, Serbia to manufacture powertrain elements for hybrid and electric vehicles (EV). Currently, approximately 300 specialists work at the plant, but ZF is determined to expand the infrastructure and create approximately 700 additional jobs by 20 21.
Aisin World Corp. of America (AWA), an affiliate of Aisin Seiki, has set up a joint venture (JV) named Aisin Sales Latin America S.A. (ASLA) with Leon Import, a major wholesale distributor of spare parts for Japanese and Korean cars.
Recently, Aisin Seiki, one of the largest suppliers of automatic transmissions and related parts, has announced that it set up a joint venture with a local company Anhui Ring New Group Co.
At the end of last year, a well-known Chinese carmaker GAC Group, the branch of GAC Motor, has completed the construction of a new plant for manufacturing of environment-friendly electric and autonomous vehicles. At the same time, GAC Motor and Aisin AW have announced the launch of a joint venture intended for production of automatic transmissions.
Not so long ago, it has transpired that Eaton and Shaanxi Fast Gear (SFGW) have entered into a joint venture agreement to produce manual gearboxes for light commercial trucks. The structure of the joint venture is formed in accordance with official endorsements and conditions of the deal closure.
In May this year, Punch Powertrain and XPT, an international start-up, located in China, specialized in E-propulsion units, have entered into an agreement that will give birth to a new production enterprise in Nanjing. It is planned that the new plant will manufacture Electric Powertrains and the annual output will be at a rate of hundreds of thousands of units.
ZF plans to establish a joint venture with Chinese company Anhui Heli Co., Ltd. The enterprice, named ZF-HELI Drivetech (Hefei) Co., Ltd., will help ZF to promote its products related to fork-lift trucks in China, the most promising market for the auto industry. Moreover, the German company will also diversify its product line with solutions offered by the Chinese partner.
At the beginning of February Punch Powertrain officially launched a new plant in Ningbo, China. The facility was completed in early 2018 after eight months of construction activities. It is the 2-nd industrial undertaking of the Belgian company in China.
It has been known for a long
period of time that Valeo, the French producer and supplier of auto components
and spare parts, has established a 50:50 venture with the Korean company PHC
Group. But only recently the official
endorsement has been granted after solving all regulatory issues and the deal
has been offically confirmed by Valeo officials.