Geely which is the Chinese automobile major has reportedly started its work on its automatic transmission project. According to the reports, the new project, which is located in Chongqing's Tongliang county, will not only be used for Geely's automobiles, but also supply automotive parts for other mid- to high-end models. The project will also help stimulate the regional auto part market. The project was first agreed upon in 2009. Shortly after, Geely-allied Chengdu Gaoyuan Automobile Industry and Australian Drivetrain Systems International Holding established a new company in Chongqing to supervise the project. After its completion, Geely hopes to increase its production of seven-speed DCT systems by 30,000 units. It was mentioned in the reports that the new project is expected to bring in 3.6 billion yuan ($566.18m) in sales for the manufacturer.
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Monday, 2 January 2012
On its automatic transmission project Geely initiates the work
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