Shaanxi Fast Auto Drive Co., Ltd was founded in 1968. It owns and joint-owns over 10 subsidiaries, a factory in Thailand of sole proprietorship and a distribution company in the USA. It’s the only enterprise with over ten billion annual production and sales in gear industry in China. Fast Group has been successively awarded “National Civilized Unit”, “National May 1st Labor Award”, “National Top 10 Model State-Owned Enterprises” and other honorary titles.
Innovation drives development. Fast has set up a top-notch science and technology research and development system, including “National Level Enterprise R&D Center”, “Academician Expert Workstation” and “National Level Postdoctoral Program”, along with more than 600 core technology patents. Fast Group has been committed to developing, manufacturing and selling 8 series of products, including Hydraulic AT, AMT, S-Series Transmission, Bus Transmission, Light-Duty Truck Transmission and Hydraulic Retarder, Clutch, Reducer as well as new energy products like Wheel Reducer and Electric Vehicle Drive System. Currently, Fast Group has a capacity of producing and selling 1.2 million units of transmission, 50 million gears and 100,000 tons of auto forging pieces annually. The products have been widely exported to more than 10 countries and regions in the USA, Australia, East Europe, South America, Southeast Asia and Middle East, with a market share of over 70% and a market volume of over 7 million units.
Each of our business indicators has continuously ranked first in China’s gear industry for 14 years. The annual production and sales of heavy duty transmission has continuously ranked first for 11 years all around the world. In face of the 13th Five Year Plan, Fast Group has grasped the opportunity of “One Belt and One Road” and “Made in China 2025” strategy, to speed up the structure adjustment, promote the pace of transformation, consider Informatization, Intelligentization and new energy construction as the theme, to win over the supporting of OEMs, after-sales services and international markets with other fields. The two main driving forces of enterprise structure adjustment and transformation and upgrading are "integration of industry and finance" and "integration of Informatization and Intelligentization". We have sped up the research and development of new energy, intellectual products and new formats market layout, and set up the “5221” strategy target, which means in the end of the 13th Five Year Plan, the traditional market, intellectual and new energy product, international market, capital and new format market respectively account for 50%, 20%, 20% and 10% of the sales revenue. We strive to become a driveline system supplier and service provider of commercial vehicle with international competitiveness, and open up a new situation of internationalization, diversification, scientification and high-end, are the effort goals of Fast.