On October 29, 2011, Hubei Jiangshan Automobile Transmission Co., Ltd. was established, and a groundbreaking ceremony for the new plant was held. Dongfeng Motor Company added a strategic guarantee for the powertrain in Xiangyang. The new company will be jointly funded by Dongfeng shares and Jiangshan Heavy Industry Group, a subsidiary of China Ordnance Industry Group. The Jiangshan gearbox plant will be completed and put into production in 2012. The first phase will have a production capacity of 120,000 gearboxes, and the capacity at the end of the 12th will reach 400,000 units. Transmission.
China Ordnance Industry Group and Dongfeng Motor Company will join forces to increase investment and accelerate the pace of innovation, and actively promote Hubei Jiangshan Automobile Transmission Co., Ltd. to become bigger and stronger.
Hubei Jiangshan Automobile Transmission Co., Ltd. was established
Jiangshan Heavy Industry Group is the backbone enterprise of the Ordnance Industry Group. Dongfeng Group is also a business unit with rapid development of Dongfeng Group. The two parties jointly formed Hubei Jiangshan Automobile Transmission Co., Ltd. in Xiangyang, which is both a result of the service of central government in Liyang and a development of civil-military integration. As a model, the new company's integration of the advantages of both parties will surely become an important force for the integration of central enterprises into the local economy and promote the rapid development of the Xiangyang automobile industry. Fuyang City Party Committee and Government will, as always, serve the central enterprises, accelerate the development of the automobile industry, and realize the 12th five-year plan for the development of the automobile industry in Xiangyang as soon as possible.
Jiangshan Heavy Industry Group has started cooperation with Dongfeng more than 20 years ago and established Jiangshan Transmission Co., Ltd., which is a supporting company for Dongfeng. At present, Jiangshan Transmission has an annual production capacity of 50,000 gearboxes. Jiangshan Heavy Industry will achieve the leap-forward development of Jiangshan Heavy Industry through cooperation with Dongfeng.
The establishment of Hubei Jiangshan Automobile Transmission Co., Ltd. is a seed sown by China Weapons Group and Dongfeng Group in the fall season. Its establishment and construction marked the start of the common gearbox business of both parties and marked a solid step in the layout of key components and components of Dongfeng Light Commercial Vehicles.
Jiangshan Transmission Co., Ltd. has a complete manufacturing process for automotive transmissions. Dongfeng has a stable market demand and is a leading manufacturer of light commercial vehicles in China. The cooperation between the two companies will be a win-win cooperation.
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