Shaanxi Fast Auto Drive Group Company Business Report FY ended Dec. 2016

Recent Development

-The Company announced that it has passed Daimler's on-site assessment (OSA) test and obtained a qualification for supplying its products to the automaker's global facilities. (From a press release on November 3, 2016)

-The Company announced that it has begun producing and supplying its wheel hub reducer that it developed in-house. The wheel hub reducer is a lightweight and compact unit for new energy commercial vehicles. It offers a high load capacity and an excellent energy saving feature. (From a press release on July 26, 2016)

-The Company announced that it produced its 6 millionth twin counter shaft transmission at its Xi'an Plant. (From news releases issued by multiple sources on April 19, 2016)

-Shaanxi Fast Gear Co., Ltd., a subsidiary of the Company, announced that it has completed a production line to assemble its S-series transmissions. The new line uses advanced technologies to enable on-line assembly of bearings and shafts, enabling the mass production of the S-series. (From a press release on January 4, 2016)

Contracts

-The Company has been awarded a contract to supply its 6DS40T/60T, 8JS75/85, 10JS90, and 9JS119 series transmissions for Dongfeng Commercial Vehicle Company’s light-duty trucks. The 6DS40T/60T transmissions will be used on the Dongfeng Captain that meets the China V emissions standards. The 6DS40T/50T/60T transmissions use twin countershafts, synchronizers, and all-aluminum housings. They contribute to reducing product weight and improving loading capacity, fuel economy, and product durability. (From news releases issued by multiple sources on September 1, 2016)

Strategic Cooperation

-The Company announced that it has signed an agreement with WABCO to collaborate on automated manual transmission technologies. (From a press release on November 18, 2016)

-The Company signed a strategic alliance agreement with Baoji City on June 29, 2016. (From a press release on July 4, 2016)

Awards

-The Company received the Excellent Supplier Award from automakers including Dongfeng Commercial Vehicle Company, Shaanxi Heavy Truck, Beiqi Foton, Beiben Heavy-duty Truck, Liuzhou Motor, GAC Hino, and Jianghuai Automobile. (From a press release on January 9, 2017)

-In April 2016, the Company received the Excellent Quality Award 2015 from Ankai Automobile Co., Ltd. (From a press release on April 19, 2016)

R&D structure

-The total number of R&D staff is 500.

R&D Facilities

-Shaanxi Fast Auto Drive Engineering Technology Research Center is located in the Xi'an high-tech industries development Zone, including Reserch Institute Office, Design Research Institute, Processing Research Institute, Test Center, Material forming Center, Trial Manufacturing Center.