JAC Auto-funded Research and Development of DCT Automatic Transmission Project

JAC Motors could not wait for BorgWarner's commitment to begin self-reliance on the DCT automatic transmission project. Yesterday, Jianghuai announced that the company’s holding subsidiary, Anhui Xingrui Gear Transmission Co., Ltd. (hereinafter referred to as “Starry Gear”) has raised funds to invest in the DCT automatic transmission R&D capacity enhancement project. The total investment of the project is 29.95 million yuan. .

It is understood that as early as the end of 2008, 12 independent automobile enterprises including FAW, SAIC Motor, Dongfeng, and Long Security National Joint Joint Jianghuai, Chery and Great Wall have established China China Friendship Investment Co., Ltd. (hereinafter referred to as “ZF”). In partnership with global vehicle power system industry leader, BorgWarner, established a joint venture of DCT automatic transmission with a ratio of 34% to 66%. This joint venture in Dalian produces the core technology module of DCT transmission and provides it to China a member of. However, until now, JAC has not yet obtained the DCT gearbox module from the BorgWarner Dalian plant.

Jiang Lianghuai Securities Department Feng Liangsen said in an interview with reporters yesterday that JAC's joint venture in China Development and BorgWarner has a very small ratio of shares. "We cannot achieve a leading role in the development of this company." The reporter was informed that the products of the BorgWarner Dalian factory were first supplied by the company's major shares SAIC, FAW, and Dongfeng. It is not known when the small shareholders such as JAC and Great Wall can obtain products from this joint venture.

Jianghuai apparently couldn't wait. Announcements revealed that Jiangyin's Xingrui Gear Company in Lu'an, Anhui Province, will invest 29.95 million yuan to research and develop DCT automatic transmissions. The successfully developed products will be built on the new models of Jianghuai Automobile.