Off the wire
• WB 100 mln USD loan for river management in China  • 1 killed, 3 injured in Australian shopping center explosion  • China seeks better rural-urban integration  • Australia's central bank cuts interest rate to 2.25 pct  • Indian stocks open higher  • Hong Kong shares down 0.32 pct by midday  • Bomb on bus in eastern Bangladesh kills 7, injures 16  • Feature: Looking in the same direction: a Chinese couple explores the world  • China Voice: Sow today, reap tomorrow - the future of China's agriculture  • China Focus: Cleaning up China's mean streets  
You are here: 　 Home

Volkswagen's transmission plant in Tianjin to operate in 2016

Xinhua, February 3, 2015 Adjust font size:

Germany-based auto giant Volkswagen will open a new plant to produce DL382 transmission, a kit for Audi cars, in north China's Tianjin municipality in 2016.

Volkswagen Automatic Transmission (Tianjin) Co. Ltd. said Tuesday that the project, which involves investment of 576.6 million euros (643.4 million U.S. dollars), has had its civil engineering works completed and installed.

The first phase is slated for operation in May 2016, with an annual production capacity of 240,000 units, which will eventually increase to 480,000, the company said.

Set up in 2012, Volkswagen Tianjin unveiled its production line for DQ380 direct-shift gearboxes (DSG) in November 2014, which can produce 450,000 of the advanced gearboxes. Production capacity is expected to hit 1.2 million by 2016.

China is Volkswagen's largest market worldwide. Volkswagen Group China delivered 3.68 million automobiles to the market in the Chinese mainland and Hong Kong in 2014, up 12.4 percent year on year. Endi