Shaanxi Fast Auto Drive Group Co., Ltd.

Company Profile

■URL

http://www.chinafastgear.com

■Address

No.129, West Avenue, High-tech Zone, Xi'an, Shaanxi Province, China

Business Overview

-The Company is a major supplier of transmissions used in heavy-duty vehicles. It mainly manufactures heavy-duty transmissions, fluid retarders, clutches, power take-off systems, gears, castings and forging products.

-In 2023, the company achieved sales revenue of CNY 19.38 billion and sold 838,000 units of various assembly products.

Shareholders

(As of Dec. 31, 2023)

Shareholder	Share Ratio (%）
State-owned Assets Supervision and Administration Commission of Shaanxi Provincial People's Government	51.00
Changan Huitong Co., Ltd.	49.00

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Products

Intelligent products
Hydraulic retarders
Electronically controlled mechanical type AMTs
Transmissions

New Energy products series
Hub-reductors
Transmissions
Series transmissions

Transmissions for heavy-duty trucks
All-aluminum housing all synchronized transmissions
Hydraulic AMTs

Transmissions for medium and light-duty 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

Reducer

Others
Power take-off systems
Forging products
Castings

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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.
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, began 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 transmissions for light- and medium-duty applications, and drivetrain related products for NEVs.
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 Transmission Co., Ltd.
Jul. 2019	Shaanxi Fast Gear Co., Ltd. and Fast MAZ Co., Ltd. held a ceremony to sign a joint venture agreement and celebrate the start of the construction of a new plant.
2022	Launched the “e-Gallop” brand for New Energy Vehicles (NEVs).
Sep. 2023	Shaanxi Fast Songzheng Electric Drive System Co., Ltd. officially commissioned China’s first commercial vehicle (CV) high-power flat wire motor automated production line
Jan. 2024	Formed a joint venture with BorgWarner.