Fast allows foreign companies to monopolize the past

Domestic market share exceeds 80%

"If you switch to Fast, you can double the monthly sales in the store."

- Branded Commercial Vehicle Sales Store Salesperson

In just 10 years, the total industrial output value and sales revenue have grown from less than RMB 100 million to more than RMB 6 billion, which is an increase of 47 times and 49 times respectively; the production and sales of transmissions have increased from more than 5,000 units to over 450,000 units, an increase of 68 times. Export foreign exchange increased from more than two million US dollars to more than 50 million US dollars, an increase of nearly 25 times; various operating indicators listed in the national gear industry for seven consecutive years; heavy-duty transmission production and sales ranked first in the world for three consecutive years; market holdings exceeded 1.5 million units...... This is the shock given by Shaanxi Fast Automotive Transmission Group Co., Ltd.

At present, the domestic market share of Fast's heavy-duty transmissions exceeds 80%, and it is widely exported to more than 10 countries and regions such as the United States and Australia. In the Chinese commercial vehicle transmission market, which was once monopolized by foreign companies, Fast has grown into the first brand.

The production line is more advanced than the leader

"I did not expect Fast's production line to be even more advanced than us."

—— President of Global Transmission Leader

“This modern heat treatment equipment is only 4 sets in the world.” In the 54,000-square-meter modern machining workshop of Fast Industrial Zone in Xi'an High-tech Zone, Fast chairman and general manager Li Dakai proudly told reporters that the global transmission leader The presidents of Eaton and ZF all sighed after visiting.

According to Li Dakai, who is a R&D professional, it is necessary to shorten the technology gap with multinational corporations and create the first brand of commercial vehicle transmission. He must be willing to invest in manufacturing technology and independent research and development. In 2001, Shaanxi Dental Plant established Shaanxi Shaanxi Fast Gear Co., Ltd. with its entire operating assets and attracted 311 million yuan investment in the Hunan Torch. "In recent years, Fast has invested more than two billion yuan in technological development research and development," said Li Dakai.

At present, the company has more than 400 R&D personnel, among whom more than 80 have master's degree or above. They have launched more than 20 series of hundreds of varieties of heavy-duty transmission products with independent intellectual property rights. Some of the key technologies and core technologies have reached the international advanced level and have More than 20 patents.

Market downturn in the downturn

"The introduction of technology or independent innovation must be market-oriented."

- Fast chairman Li Dakai

In 1998, Li Dakai and his team developed a 7-speed transmission after carefully examining the demand of the Chinese heavy-duty truck market, and added a synchronizer according to the actual conditions of road and freight overload in China. With this move, the transmission efficiency and application range of the product have been greatly improved, and the market for large companies such as FAW and Dongfeng has gradually opened up. By 2002, the annual sales of Fast heavy-duty trucks exceeded 50,000 units.

In 2005, the domestic auto market was at a low ebb. Competitors began to shrink, Li Dakai keenly seized the opportunity of the commercial vehicle II emission standards to switch to the country III, reverse investment in large-scale, the first domestic counterparts to develop more suitable for the national III standard 12-speed, 16-speed transmission. In 2006, the domestic auto market picked up. Fast's new products quickly occupied the market, and heavy-duty transmission production and sales ranked first in the world.

In 2007, Li Dakai also aimed at the national requirements for energy conservation and environmental protection, improving fuel economy, and developed new transmissions such as a small 8-speed block and a small 8-speed transmission, which became a new growth point for companies to reverse the market trend. Li Dakai told reporters that “In the first half of the year, the company’s total sales revenue was 3.238 billion yuan and sales of automobile transmissions were 235,300 units, continuing to maintain its leading position in the industry.”