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Shaanxi Fast Auto Drive Group Co., Ltd.
Company Profile
■URL
■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 |
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
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. |
Supplemental Information 1
>>>Business Report FY2006
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>>>Business Report FY2018
>>>Business Report FY2019
>>>Business Report FY2020
>>>Business Report FY2021
>>>Business Report FY2022
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