The reporter was informed that the progress of the company and Fiat Investment Management Co., Ltd. and Guangzhou Automobile Group Components Co., Ltd., signed a letter of intent for further cooperation in Rome, Italy, with the intention of the three parties jointly controlled by Hangzhou Iveco Automotive Transmission Technology Co., Ltd., in accordance with the relevant licensing agreement. The terms and conditions stipulated were obtained from Fiat's product license for DDCT (Dry Dual Clutch Automotive Automatic Transmission), and corresponding implementation of capacity expansion and technology upgrade projects. The project intends to invest a total of approximately 2.269 billion yuan, including the introduction of technology, capacity expansion, and technology upgrades to Fiat. It will start production in 2013 and eventually reach an annual output of 500,000 units. Hangzhou Iveco Automotive Transmission Technology Co., Ltd. is a Sino-foreign joint venture company. It was established on June 6, 2007. Shareholders of Hangzhou Haofang Advance, Fiat Investment Management Co., Ltd., and Guangzhou Automobile Group Components Co., Ltd. hold 33.33% of the shares, respectively. The business is to develop, manufacture and sell automotive transmissions and related components. According to reports, automotive automatic transmission is mainly divided into AT (hydraulic mechanical automatic transmission), AMT (electronically controlled mechanical automatic transmission), CVT (belt drive continuously variable transmission), DCT (double clutch automatic transmission ). Because DCT transmission has the advantages of short shift time, quick start-up speed, transmission capacity, and fuel consumption in the best configuration, it is one of the fastest-growing automotive automatic transmission technologies in various automatic transmissions and is also a global automobile. One of the major trends in the development of transmission technology. DCT gearbox is divided into DDCT (dry dual clutch automatic transmission) and WDCT (wet dual clutch automatic transmission). Cosmetic Packaging,Cosmetic Kraft Paper Bags,Cosmetic Packaging Bag,Cosmetic Bag Packaging Jiangsu Fantasy Packaging New Material Co., Ltd. , https://www.jsfantasypack.com