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. It mainly manufactures automotive transmissions, hydro dynamic retarders, synchronizers, power take-off systems, gears, castings and forging products.
-As of December 31st, 2018, the Company has the capacity to manufacture 1 million transmissions, 50 million gears and 200,000 tons of forging parts per year.
-As of December 31st, 2018, the Company has the supply agreements with enterprises in over ten countries and districts such as America, Australia, East Europe, Southeast Asia and Middle East. The Company's shares in Chinese market are over 70%, amounting to 8 million units.
Shareholders
| (As of Dec. 31, 2018) |
| Shareholder | Share Ratio (%） |
| State-owned Assets Supervision and Administration Commission of Shaanxi Provincial People's Government | 100 |
Products
Intelligent Products
Hydraulic retarders
Electronically controlled mechanical type AMTs
Transmissions
New Energy Resource Products Series
Hub-reductors
Transmissions
Series transmissions
Transmissions for Heavy Trucks
All-aluminum housing all synchronized transmissions
Hydraulic AMTs
Transmissions for medium&light trucks
Transmissions for Buses
Single counter shaft transmissions
Double counter shaft transmissions
All-aluminum housing transmissions
Clutches
Diaphragm spring clutches
Pull-type diaphragm spring clutches
Others
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. |
| Apr. 2017 | The Company started construction of its plant in Baoji. The plant will produce light transmissions and NEV transmissions. |
| Feb. 2018 | The Company's smart transmission system subsidiary in Shaanxi was established. |
| Nov. 2018 | Shaanxi Fast Gear Co., Ltd., the Company's subsidiary, and Eaton Corporation of the U.S. announced the launch of its joint transmission manufacturer "Shaanxi Fast Eaton (Baoji) Light Heavy Transmission Co., Ltd." |
Supplemental Information 1
>>>Business Report FY2006
>>>Business Report FY2007
>>>Business Report FY2008
>>>Business Report FY2009
>>>Business Report FY2010
>>>Business Report FY2011
>>>Business Report FY2012
>>>Business Report FY2013
>>>Business Report FY2014
>>>Business Report FY2015
>>>Business Report FY2016
>>>Business Report FY2017
Note: A figure in brackets ( ) indicates a loss
Employees
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Number of employees | 10,081 | 9,938 | 9,854 |
Source: China Automotive Industry Yearbook (Issued every October)
Sales
(in millions of yuan)
| FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Shaanxi Fast Auto Drive Group Company | - | 8,007.05 | 11,935.32 | 10,611.46 |
| Shaanxi Fast Gear Co., Ltd. | 7,588.98 | - | - | - |
Source: China Automotive Industry Yearbook (Issued every October)
Volume of production
(in thousands of units)
| FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Manual transmissions | - | 388 | 589 | 593 |
Source: China Automotive Industry Yearbook (Issued every October)
Production Capacity of Major Subsidiaries |
(As of Dec. 31, 2016\ in unit) |
| Company Name | Product | Capacity |
| Xi'an FC Intelligence Transmission Co., Ltd. | AT | 120,000 |
Source: China Automotive Industry Yearbook (Issued every October)