On April 23, TAW Automatic Transmission Co. Ltd. (TAW) held a launching ceremony on equipment installation of small-size front-wheel drive 6 speed A/T gear box production lines in the West Area of TEDA. Leaders from two parent companies of TAW conducted further cooperation under the prosperous development background of Chinese automobile industry. This strategic choice will again promote sound development of both companies in respective fields. TAW Automatic Transmission Co. Ltd. was established by AISIN AW Co., Ltd. and China FAW Group Co., Ltd. in a form of joint venture in March 2004 with registered capital of 12.05 million dollars. The company provides rear-wheel drive 6 speed A/T speed changing boxes for CROWN and REIZ produced by Tianjin FAW TOYOTA Motor Co. Ltd. On September 2013, in order to better adapt to the Chinese market and satisfy clients’ needs, shareholders of both sides decided to add 60 million dollars of investment to set up completely automatic product lines of parts processing of front-wheel drive 6 speed A/T gear boxes. The production lines, which mainly produce housings of torque converters, shells and oil pumps used in front-wheel drive 6 speed A/T gear boxes, were put into production in September 2014. The annual production can reach 0.6 million.
Front-wheel drive 6 speed A/T gear boxes produced by AISIN have acquired high acceptance in the Chinese market with consistently high product supply quantity. On March 2017, shareholders of both sides decided to adjust products co-produced by the two companies and spent 31 million dollars for capital increase. New finished-product production lines of 6 speed A/T were built. New products designed by the two sides are expected to be put into production on April 2019. The capability of production lines of 6 speed A/T gear boxes will reach 0.3 million per year. Clients include FAW-VW, FAW Sedan, FAW Jilin, etc., and the products are mainly used in Jetta, Besturn B50, XENIA R7 and other types of vehicles.