On Monday, Dongfeng Motor Group Co., Ltd. (hereinafter referred to as Dongfeng Motor) announced in Beijing that it will establish a joint venture with GETRAG International Corporation to jointly develop, manufacture and sell low-torque DCT gearboxes.
According to the contract signed by the two parties, Dongfeng Motor and GETRAG International will establish East-style Traktor Transmission Co., Ltd. (hereinafter referred to as East-style Trakor) in Wuhan, researching, manufacturing and selling automatic transmissions and their spare parts. And the parts and components, the two sides each share 50% equity of the joint venture company. According to reports, the total investment of the joint venture company is 120 million euros. The first-phase construction will achieve an annual production capacity of 250,000 DCTs (dual-clutch gearboxes), and will gradually reach an annual production capacity of 500,000 gearboxes. The first product is the two sides. The jointly developed low-torque DCT will be put into production in 2015.
According to the general manager of Dongfeng Motor Corporation and the executive director and president of Dongfeng Motor Group Co., Ltd. Zhu Fushou, the two sides have started to negotiate joint ventures since 2009, mainly producing low torque DCT gearboxes of 150-190 Nm. “And this is exactly a GETRAG product gap.†Dongfeng Strategic Planning Minister Liao Zhenbo said that the company’s gearbox will be supplied to Dongfeng Group’s autonomy Fengshen, Dongfeng Liuzhou and Dongfeng Yulong models in the early stages. It is also possible to see supply capacity and market demand for joint ventures.
In response to the announcement of the acquisition of two core components and R&D projects within two weeks of Dongfeng, Zhu Fushou stated that the future development direction of Dongfeng University is clear: the technology platform, information system, and resources are internationalized.
GETRAK is the world's largest supplier of independent gearboxes for passenger cars and commercial vehicles. Headquartered in Germany, the products cover manual, automatic and dual clutch gearboxes, range amplifier systems and purely electric power systems.
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