GKN Extends China JV with SAIC for 50 Years
16 September 2009
GKN Driveline has extended its joint venture with Shanghai Automotive Industry Corporation (SAIC) for another 50 years. The first automotive industry component-manufacturing joint venture in China, Shanghai GKN Drive Shaft Company (SDS) was formed in 1988.
Other Chinese partners in Shanghai GKN include SDIC Machinery & Light Industries Company and Bank of Communications Company.
Shanghai GKN currently has five production facilities in China. In addition to its Wuhan and Chongqing plants, it has manufacturing operations in Kangqiao, Shenjiang and Zhoupu. The company annually produces more than 600,000 propshafts, 5 million sideshafts and 1.5 million universal joints.
Shanghai GKN’s major Chinese automotive partner, SAIC, is one of China’s top three automotive companies with sales in 2008 of more than one million passenger cars and 500,000 commercial vehicles.
The first major European automotive supplier to invest in China, GKN is the country’s leading producer of driveline components. GKN Driveline currently has automotive manufacturing operations in Kangqiao, Zhoupu and Shenjiang in Pudong, Shanghai, as well as plants in Chongqing, and Wuhan.
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