Aisin Group (China) Business Report FY ended Dec. 2014

Business Highlights

Recent Development

-Aisin Tianjin Auto Body Parts Co., Ltd. announced in January 2015 that it has completed its construction project to add its production capacity. The five-phase project has increased the company's annual production capacity to the following levels: door locks: 1.1 million units; window regulators: 1.08 million units; door hinges: 1.5 million units; hood hinges: 1.5 million units; seats: 290,000 units; door frames: 1.86 million units; moldings: 1.75 million units; door handles: 780,000 units; and sun roofs/sun roof glass: 380,000 units. (From a press release on January 6, 2015)

Off the Production Line

-AW Suzhou Co., Ltd. released its first AWF4S15-II small torque capacity 4-speed automatic transmissions for Dongfeng Passenger Vehicle Company. The company didn't announced which model it would supply the transmissions for. (From a press release on December 12, 2014)

-AW Suzhou Co., Ltd. released its first AWF4S15-II small torque capacity 4-speed automatic transmissions for Chongqing Changan Automobile's front-engine, front-wheel-drive vehicles in September 2014. This was the first time that the company supplies its products to Chongqing Changan Automobile. The company didn't announced which model it would supply the transmissions for. (From a press release on September 16, 2014)

-Tianjin AW Automatic Transmission Co., Ltd., a subsidiary of Aisin AW, said it held a ceremony to celebrate the release of its first F21 automatic transmission off the production line in August 2014. (From a press release on August 30, 2014)

Awards

-Tianjin AW Automatic Transmission Co., Ltd., a subsidiary of Aisin AW Co., Ltd., won the Excellent Quality Award for 2014 at the Supplier Award Ceremony held by the FAW Toyota Group in March 2015. (From a press release on May 12, 2015)

R&D Structure

Name Main business Location Year established
AW Suzhou Technical Center Co., Ltd Design and develop automatic transmissions Jiangsu Suzhou 2012
Aisin (Nantong) Technical Center of China Co., Ltd  Design and develop vehicle body parts Jiangsu Nantong 2011

Advics Changzhou Administration Co., Ltd

Develop brake system   Jiangsu Changzhou 2011

Investment in China

-The third phase project of Tangshan Aisin Automotive Parts Co., Ltd. was finished. The company invested CNY 350 million in this third phase of the construction project, which has a total floor area of 32,063.72 square meters. The new facility will produce automotive parts, precision blanking die, etc. The operating income will increase CNY 380 million. Including the third phase, the company has already been invested CNY 1.5 billion in total, which is Aisin Seiki's the largest monomer project in China. (From news releases issued by multiple sources on May 27, 2014)

-Aisin AW Co., Ltd. announced that it would establish AW Suzhou Automotive Technical Center at the Suzhou Industrial Park. The company will invest approximately USD 39 million in this facility, which will engage in R&D, designing, testing, technical support and consulting services in the area of engine and transmissions. The center will be capitalized at USD 13 million. Sales are expected to reach CNY 76 million by 2015, and CNY 100 million by 2020. A number of major companies in the automotive industry such as Volvo, Delphi, and Bosch operate at the Suzhou Industrial Park. (From news releases issued by multiple sources on April 21, 2014)