[Gen-AI Analysis] Shaanxi Fast Auto Drive Group Company FY2011 - MarkLines Automotive Information & Gen-AI Platform

Shaanxi Fast Auto Drive Group Company FY2011

Business Highlights

Business Overiew

- Shaanxi Fast Gear Co., Ltd., a subsidiary of the Company, sold 701,200 transmissions, with a reduction of 17.74%.(From the Company's 2011 annual report)

- The Company achieved year-over-year growth of 67.3 percent in both sales and production for 2010 by selling 12.62 billion yuan and producing 13.1 billion yuan worth of products. The company thereby achieved the production and sales targets of 10 billion yuan, which were included in its eleventh five-year business plan. The volumes of heavy duty transmissions produced and sold in the year reached 890,000 and 853,000 units respectively, an increase of 71.2 percent from what they were in 2009. In addition, the company has maintained the top position in the industry for nine years in a row, as well as the greatest sales and production volumes of heavy-duty transmissions in the world for six years in a row. (From news releases issued by multiple sources on January 10, 2011)

Joint venture
- Shaanxi Fast Gear Co., Ltd. and Caterpillar Investment Co., Ltd. will establish a joint business to produce commercial vehicle transmissions at the Xi’an High Tech Industries Development Zone. The new company, which will be tentatively called Xi'an FC Intelligence Transmission Co., Ltd. and be capitalized at 500 million yuan, will be owned 51 percent by Shaanxi Fast Gear, 45 percent by Caterpillar, and 4 percent by the Company. The Xi’an facility will develop, produce, and sell automatic transmissions, intelligent transmission devices, and other transmission products for commercial vehicles. Shaanxi Fast Gear is a joint-venture company between Weichai Power Co., Ltd. and the Company. (From a press release, April 9, 2011)

Order

- WABCO Holdings Inc. has entered into an agreement with Shaanxi Fast Gear Company, Ltd., China's manufacturer of heavy duty transmissions, to supply WABCO's OptiDrive(TM) transmission automation system. WABCO will furnish OptiDrive systems for Fast Gear's platform of new F-Shift transmission products. Series production is expected to begin during 2011. (From a press release on April 19, 2011)

R&D

R&D Facilities

- On March 30, 2011 the Company held a ceremony to celebrate the establishment of the Shaanxi Fast Auto Drive Engineering Research Institute. The new R&D center consists of the design research center, the engineering laboratory, the testing center, and the prototype manufacturing center. (From a press release, March 31, 2011)

Technological alliance

- WABCO Holdings Inc. announced that the company has entered into an agreement with Shaanxi Fast Gear Company, Ltd., to supply WABCO's OptiDrive(TM) transmission automation system. WABCO will furnish OptiDrive systems for Fast Gear's platform of new F-Shift transmission products. Series production is expected to begin during 2011. (From a press release on April 19, 2011)

Product development
- The Company developed 20JS(X)200、10JS135T、10JS95T、5DS50T、5J55T transmissions, which use aluminum alloy cases. These transmissions are lightweight, compact, and reliable.(From a press release, December 27, 2011)

- The Company developed FH400B hydraulic retarder, which represents the highest level of the industry. It perfectly displays the latest technical innovation achievement in the field of bus transmission development. The Company carried out mass production of FH400B hydraulic retarders, which can reach 4000Nm and can be integrated with the Company’s gear speed ( 6-, 8-, 10-, 12-, and 16) transmissions.From a press release,November 1, 2011)

Investment Activities

New plant

- The Company is investing 680 million yuan in building a new plant at the Xianyang Automobile Industrial Park, Qindu District, Xianyang City to produce transmission synchronizers. The plant's annual production capacity is expected to reach 1.35 million sets. After its completion, it can offer 1000 jobs. (From a press release,September 8, 2011)