Aisin Establishes Auto Parts JV in China
Nagoya, April 17 (Jiji Press)--Japanese auto parts maker Aisin Seiki Co. <7259> said Wednesday that it has established a joint venture to produce automatic transmission system parts in Anqing, eastern China, with local firm Anhui Ring New Group Co.
Aisin is set to invest a total of 10 billion yen in the new firm, Aisin (Anqing) Auto Parts Co., which will produce aluminum die-cast parts, such as transmission cases, from August 2020.
The move reflects growing demand for automatic transmission systems for passenger cars in China.
In China, Aisin currently manufactures aluminum die-cast parts at three plants.
The new company, with an annual output capacity of 700,000 units, will supply parts to Aisin's automatic transmission factories in eastern China.
[Copyright The Jiji Press, Ltd.]