On the morning of September 9, SAIC Marelli Powertrain Co., Ltd. held a groundbreaking ceremony for its factory in Shanghai's Jiading Industrial Zone. Deputy leaders of Jiading District Fei Xiaomei and other relevant leaders attended the foundation laying ceremony.

SAIC Marelli Powertrain Co., Ltd. is a joint venture between Shanghai Automotive Transmission Co., Ltd. and Italy's Magneti Marelli Co., Ltd. After completion, SAIC Marelli Powertrain Co., Ltd. will take on the arduous task of promoting the development and upgrading of China's AMT automatic transmission industry.

At present, the automotive industry in China is booming, and the output of automobiles continues to grow. The proportion of China’s automobile consumption in total global consumption continues to rise, while the demand for automatic transmissions in the domestic automobile market is on a linear upward trend. This is the production of auto parts. Manufacturers bring a rare opportunity for development. Not long ago, the Jiading District Government and SAIC Motor Group signed a strategic cooperation agreement for the development of new energy vehicles. The two parties agreed to further increase investment and concentrate their efforts to attract domestic and foreign manufacturers of new energy vehicles and key components and R&D institutions to settle in Jiading to form an industry. Agglomeration. The start-up of SAIC Marelli Powertrain Co., Ltd. is an example of this cooperation. Its establishment marks a new starting point for the auto parts industry in Jiading and will also bring major breakthroughs to the development of China's automatic transmissions.

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