In the first half of this year, Fast Group achieved a total sales revenue of 3.275 billion yuan, representing a year-on-year increase of 121.65%. The company completed an industrial output value of 3.234 billion yuan, up by 111.75% compared to the same period last year. It also sold 243,700 heavy-duty transmissions, marking a 112.62% growth. The market share for trucks with a load capacity over 8 tons reached 86%, and for vehicles exceeding 15 tons, it surpassed 92%.
Fast Transmission has secured its annual production capacity of 500,000 units, placing it at the top globally. In the first half of the year, the average monthly output exceeded 40,000 units. According to Li Dakai, Chairman of Shaanxi Fast Group, while the Chinese heavy-duty truck market was experiencing strong demand, many manufacturers faced production bottlenecks due to engine shortages or component supply issues. However, Fast managed to maintain its production pace, as its 500,000-unit annual capacity aligned with the projected national market volume.
To meet growing global demand for multi-range transmissions, Fast invested 1 billion yuan in constructing a new 12-speed and 16-speed transmission manufacturing base in Xi’an High-tech Zone. Workers are operating in three shifts around the clock, ensuring continuous production. The facility spans 54,000 square meters, making it the largest in the domestic industry. Over 95% of the advanced machinery used comes from the U.S., Germany, Japan, and South Korea, ensuring high-quality output.
A factory worker named Zhang shared that the new automated machines have significantly improved efficiency and reduced production delays. Fast’s product line includes high-, medium-, and low-end heavy-duty transmissions, each tailored to specific market needs. The company now offers over 20 series and hundreds of models, covering speeds from 5th to 16th, input torques ranging from 500N·m to 3000N·m, and load capacities from 8 to 50 tons.
Fast emphasizes independent technological innovation, which has been key to its success. The company holds intellectual property rights over several high-performance transmissions, such as the 16JS200T, 12JS180T, 9JS200T, and 8JS125T models. These products offer excellent cost-effectiveness and adaptability, filling a critical gap in China's mechanical transmission market. Some of its innovations have reached international standards, with more than 20 patents filed.
During the "Eleventh Five-Year Plan" period, Fast aims to further strengthen its R&D capabilities and build national brand recognition. It established the Shaanxi Fast Automotive Transmission Engineering Research Institute, a state-level R&D center, and invested 600 million yuan over three years to develop a top-tier research team. This commitment to innovation ensures that Fast remains competitive and continues to grow in the global heavy-duty transmission market.
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