Posts Tagged ‘Dongan’

MMC and Harbin China Powertrain JV Sign AT Licensing Agreement

Thursday, June 26th, 2008

Tokyo — Mitsubishi Motors Corporation today signed a technology licensing agreement with its powertrain JV enterprise in China Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE) covering production of 4- and 5-speed automatic transmissions.

DAE began construction work on a new factory in March this year with a view to commence production in April 2010. Plans call for the new facility to have an annual production capacity of 150,000 units and to produce 50,000 units in its first year of operation. Production capacity will be raised to meet future increases in demand.

MMC made a 15.3 percent equity investment in DAE on its establishment in 1998 and has to date provided engineering and technical assistance covering the production of engines (more…)