Shaanxi Fast Auto Drive Group Company

Company Profile

■URL

http://www.chinafastgear.com

■Address

Western part of Daqing Road, Xi'an, Shaanxi, China

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)