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.

-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.

Supplemental Information 1