Chinese vehicle manufacturer, Guangzhou Automobile Group, has completed construction on the EV plant at their new industrial park in their home city. In addition, the company’s subsidiary, GAC Motor, and Japanese supplier Aisin AW intend to establish a joint venture for drive modules at the park.
Production is scheduled to start at the Guangzhou plant in May this year. Capacity will initially be 200,000 electrified vehicles annually and will be later doubled to 400,000 per year. The first model produced in the plant will be the electric limousine Aion S. GAC plans to launch at least two models per year in the following years.
Simultaneously, GAC Motor and Aisin AW – a subsidiary of Aisin Seiki – also laid the foundation for their joint project to manufacture automatic transmissions (AT) at the same industrial park. In April, GAC Motor and Aisin AW signed a far-reaching cooperation agreement to launch the new joint venture. 310 million US dollars will flow into the project. The first product is to go into production by the end of 2020 with the goal of achieving an annual production capacity of 400,000 AT units.
Aisin Seiki is also planning another joint venture. This time with fellow Japanese supplier Denso for the development and production of drive modules for hybrid and electric vehicles. The joint venture, called BluE Nexus, should be founded in April 2019 and is still subject to approval by the antitrust authorities.