Shaanxi Fast Auto Drive Group Company
Company Profile
Business Overview
-The Company is the world's largest supplier of transmissions used in heavy-duty vehicles.
-The Company mainly manufactures automotive transmissions, hydro dynamic retarders, synchronizers, power take-off systems, gears, castings and forging products.
-As of December 2016, the Company has the capacity to manufacture 1 million transmissions, 50 million gears and 100,000 tons of forging parts per year.
-As of December 2016, the Company has the supply agreements with more than 150 OEM makers in China. The Company's shares in Chinese market are over 70%, amounted to 5 million units.
Products
Transmission systems for heavy-duty vehicles
Transmission gears
Hydro dynamic retarders
Transfer cases
Power take-off systems
Forging products
Castings
History
| 1968 | Shaanxi Auto Gear General Works was established. |
| 1984 | The Company introduced Eaton Corporation's Fuller transmission technology and established a new plant to manufacture twin countershaft transmissions in Xi'an. |
| Sep. 2001 | The Company, Shaanxi Auto Gear General Works, and Torch Automobile Group Co., Ltd. jointly established Shaanxi Fast Gear Co., Ltd. |
| Sep. 2001 | The Company established Baoji Fast Gear Co., Ltd. |
| Jan. 2004 | The Company and Eaton Corporation of the U.S.A. jointly established Eaton Fast Gear (Xi'an) Co., Ltd. This joint-venture company was dissolved in 2007. |
| Feb. 2004 | The Company established Xi'an Fast Auto Drive Co., Ltd. This new facility launched mass-production in September, 2005. |
| Dec. 2005 | The Company reorganized its business structure and adopted a new name, Shaanxi Fast Auto Drive Group Company. |
| Apr. 2007 | Weichai Power Co., Ltd. absorbed Torch Automobile Group, thereby acquiring a 51 percent ownership in Shaanxi Fast Gear Co., Ltd. |
| May. 2010 | The Company established Xianyang Precision Machinery Branch. |
| Apr. 2011 | The Company established Xi'an FC Intelligence Transmission Co., Ltd.with Shaanxi Fast Gear Co., Ltd. and Caterpillar Investment Co., Ltd. |
| Sep. 2013 | Fast Auto Drive (Thailand) Co., Ltd., the Company's first overseas production base, broke ground in Rayong Thailand. |
| Jan. 2014 | Xi'an FC Intelligence Transmission, a joint-venture between the Company and Caterpillar, began commercial production. |
| Jul. 2014 | Shaanxi Fast Gear Co., Ltd., a joint venture of the Company, and Eaton Corporation announced in July 2014 that they signed a contract in Xi'an to set up a new joint venture company Fast Eaton (Xi'an) Drive Systems Co., Ltd. It is 51% funded by Shaanxi Fast Gear Co., Ltd. with the remaining 49% held by Eaton. |
| Oct. 2014 | Fast Auto Drive (Thailand) Co., Ltd., a subsidiary in Thailand, has begun production operations with the capacity to produce 30,000 transmissions per year. |