In the first half of this year, Fast Group achieved a total sales revenue of 3.275 billion yuan, representing a 121.65% increase compared to the same period last year. The company completed an industrial output value of 3.234 billion yuan, rising by 111.75% year-on-year. It also sold 243,700 heavy-duty transmissions, a 112.62% growth. The market share for trucks with a load capacity over 8 tons reached 86%, while for vehicles exceeding 15 tons, it surpassed 92%.
Fast Transmission has secured its annual production capacity of 500,000 units, which is the highest in the world. In the first half of the year, the average monthly output exceeded 40,000 units. According to Li Dakai, chairman of Shaanxi Fast Group, the domestic heavy-duty truck market experienced strong demand, but many manufacturers struggled to meet it due to supply chain issues. However, Fast was able to maintain steady production, thanks to its robust capacity and strategic planning.
To meet growing global demand for multi-range transmissions, Fast invested 1 billion yuan to build a new production base in Xi’an High-tech Zone, specializing in 12-speed and 16-speed transmissions. During a recent visit, workers were working in three shifts, operating around the clock. The new facility spans 54,000 square meters, making it the largest in the industry. Over 95% of the advanced machinery comes from top countries like the U.S., Germany, Japan, and South Korea. This state-of-the-art equipment ensures high efficiency and precision, supporting the company’s goal of 500,000 units annually.
A factory worker named Zhang shared that the new automated machines have significantly improved productivity. Previously, outdated equipment often caused delays, but now the modern systems are user-friendly and fast, allowing the company to meet tight deadlines.
Fast has developed a comprehensive range of high-, medium-, and low-end heavy-duty transmissions, each tailored to specific needs. Its double countershaft transmission series is well-regarded for its compact design, high gear ratio, durability, and fuel efficiency. The company has further expanded its product line with 12-speed and 16-speed models, incorporating advanced technologies such as double-cone synchronizers. These models are already performing strongly, with monthly sales exceeding 6,000 units.
Fast offers transmissions suitable for all types of heavy trucks, from 8-ton to 50-ton capacities, covering speeds from 5th to 16th. With over 20 series and hundreds of variants, the company has established a balanced product portfolio, combining single and dual countershaft transmissions to meet diverse market demands.
At the heart of Fast’s success is its commitment to independent technological innovation. The company has built a strong foundation in R&D, with several key products featuring independent intellectual property rights. Notably, its 16JS200T, 12JS180T, 9JS200T, and 8JS125T series have achieved international standards in performance and adaptability. These innovations have helped break through foreign patent barriers and establish a competitive edge.
During the “Eleventh Five-Year Plan†period, Fast will continue to invest heavily in R&D, aiming to strengthen its national brand and drive sustainable growth. The establishment of the Shaanxi Fast Automotive Transmission Engineering Research Institute marks a significant step in this direction. Over three years, the company has allocated 600 million yuan to build a top-tier R&D team, ensuring long-term innovation and development.
Fast’s journey reflects its dedication to mastering core technologies, ensuring resilience and competitiveness in the global market.
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