Dongfeng Group Collaborates with German Enterprises to Create 6 Billion Parts for Projects


On the 6th, Wuhan Economic and Technological Development Zone ushered in seven contracted projects, all related to the automotive industry. The total project investment amounted to 16.1 billion yuan, and the annual output value was approximately 34.6 billion yuan. Among them, it is worth mentioning that the seven contracted projects included joint venture projects between Dongfeng Group and GETRAG.

According to the website information of the Hubei Provincial Government, this time, Dongfeng Group shares a joint venture with GETRAG of Germany and will produce key auto parts and components in the Wuhan Development Zone, the Double Coupling Automatic Transmission (DCT). The project has a total investment of 6 billion yuan and an annual output value of over 12 billion yuan.

Regarding the specific conditions of the above projects, relevant personnel of Dongfeng Group told the reporter that the two parties had previously announced the establishment of the joint venture company. In this investment project, the company will make an announcement when it confirms the implementation.

According to public information, the planned production capacity of the project exceeds 1 million units, and the final annual output value will exceed 12 billion yuan, of which the first phase of the planned production capacity will be 500,000 units. The person in charge of the joint venture company's preparatory group also publicly stated that the entire project will be constructed in three phases. One of the projects will be put into operation in the second half of 2015. The joint venture will mainly produce dual-clutch automatic transmissions.

According to Dongfeng Group's previous announcement, on October 22, 2012, the company and GETRAG signed a joint venture contract to establish a joint venture "Eastern Traktor Transmission Co., Ltd.". It is reported that the total investment of the joint venture company is 120 million euros, and the registered capital is 40 million euros. Dongfeng Group shares and GETRAK each have a 50% stake in the joint venture company. Its business scope is to carry out research, development, production and sales of automotive gearboxes and their components, as well as spare parts and after-sales services for the automotive gearboxes and related import and export businesses produced by the joint venture company.

According to reports, GETRAG International, which cooperates with the company, is a wholly-owned subsidiary of the GETRAG Group, which is one of the largest independent transmission manufacturers in the world. Founded in 1935, the GETRAG headquarters Located in Würtenburg, Germany. Its main products are manual gearboxes, tiptronic gearboxes, and dual clutch gearboxes (DCTs).

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