GUANGZHOU, China, December 27, 2018 / PRNewswire / – Famous Chinese automaker GAC Group, the parent company of GAC Motor, completed construction of a new intelligent and environmentally friendly plant (“plant”) for the first phase of a production project of 200,000 electric cars on December 23 per year on the territory of an industrial park developing electric transport and smart cars (“Industrial Park”). GAC Motor and Aisin AW CO., LTD (“Aisin AW”), a subsidiary of Aisin Seiki, held the groundbreaking ceremony the same day as part of a joint project for the production of an automatic transmission. The event was attended by representatives of the provincial and city governments, the head of the GAC Group Zeng Qinghong, the general director of the GAC Group Feng Xingya, representatives of staff, investment companies, partners and journalists of the media.
The plant, in the construction of which 4.7 billion yuan ($ 680 million) was invested, is the first project of the Industrial Park. Work on the construction of a future production base began in September 2017. The plant will start its work in May 2019, and its annual productivity should reach 400,000 units of motor vehicles. In the future, GAC New Energy will provide at least 2 models of electric cars per year, adding to the range of its products and providing consumers with an additional choice.
The future of the automotive industry is behind electric vehicles, globalization, the Internet and sharing, and this underlines the importance of autonomous driving technology. The GAC Group company began research and design research in this area in 2011. The Aion S model, equipped with a partial autonomous driving system of level 2, will be introduced in 2019 and will be the first production car on new sources of energy used to develop a highly automated driving system of level 4. Production of a new electric car developed by the GAC Group and equipped with a conditional autonomous driving system. 3, will begin in the near future.
Powerful alliance, optimized global supply chain
On the same day, GAC Motor and Aisin AW held the ceremony of laying the first stone in a joint project for the production of an automatic transmission in the Industrial Park. In April of this year, the companies signed an agreement to expand cooperation and establish a joint venture. The project involves an investment of 2.13 billion yuan ($ 310 million), and production of the first joint product will begin before the end of 2020. In the future, the plant’s capacity will reach 400,000 transmissions per year.
The President of GAC Motor, Mr. Jun Jun, said: “After completion of the construction work, the joint production base will bring noticeable
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