Facing the new changes in the market situation since the beginning of this year, Fast Group has been brave enough to meet challenges, seize opportunities, make efforts to accelerate the pace of independent innovation, focus on product innovation, scientific improvement, increase efficiency, and reduce costs. Development methods, scientific adjustment of industrial structure.
From January to October this year, the Fast Group achieved a total sales revenue of 8.9 billion yuan; completed industrial output value of 8.854 billion yuan; and sold 585,891 automobile transmissions . Among them, exports earned US$31,681,100, an increase of 128.70% over the same period of the previous year, and reached a record high.
It is reported that the Fast Acting Xianyang Precision Machinery Branch has been completed and put into production. The product layout of the company is more scientific and rational, and the scope of its support has been further expanded. The state-level research institutes have been put into full operation. The level of scientific and technological R&D of enterprises and the strength of independent innovation have been significantly improved. New products, new processes, new technologies, and new achievements have emerged in an endless stream. The pace of international cooperation has been accelerating. Xi'an Shuangte Intelligent Transmission Co., Ltd., a joint venture with Caterpillar Inc., has started construction. After the project reaches production, it can form an annual production capacity of 120,000 heavy duty AT transmissions and 1.5 million engineering machinery parts. .
At the same time, on the basis of consolidating the heavy-duty truck market, Fast has kept a close eye on market hotspots, refined market demand, and actively developed individualized “bright spots†products to realize large buses, medium trucks, engineering vehicles, and low-speed trucks. With new breakthroughs in various fields, it is expected that the annual production and sales revenue will exceed 10.5 billion yuan and continue to maintain a steady and rapid development.
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