Fast Takes Up 70% Market Share of Heavy-duty Truck Transmission
Latest statistics show that the market share held by Fast in the transmission gearboxes for heavy-duty trucks has exceeded 70%.Through its own independent research and development, the company has successfully managed to cut down the production costs of hydraulic retarders for heavy-duty trucks in China.
In 2017, Fast successfully developed a 9-speed hydraulic automatic transmission gearbox for commercial vehicles, ushering a new era for China’s transmission gearbox industry in the global market.
From January to November this year, Fast saw both its production and sales volumes grew by 80% year on year. It has become the top choice for large-sized buses, accounting for 50% of the market.
By taking the lead in the global transmission gearbox market, Fast boasts 9-, 12-, 16-speed and S series transmission gearboxes, all of which meet the rising demands of customers.
In recent years, Fast has been making great efforts to strengthen its market presence in the bus transmission gearbox market. Its 6DS series transmission gearboxes for light buses have become a must-have for a number of mainstream bus makers in China.
Also, Fast has set up comprehensive cooperative partnerships with Foton Aumark and Dongfeng. By pooling their best resources, Fast has greatly strengthened its presence in the light truck transmission gearbox market.
While solidifying its position in the traditional market, Fast has also been gaining increasing popularity in its S series transmission gearboxes, AT/AMT automatic transmission gearboxes, retarders, transmission gearboxes for buses, decelerators, clutches, wheel reduction gears and new energy products.
Currently, Fast Transmission Gearboxes and New Energy Transmission Project with a total investment of three billion RMB is under construction. After its completion, it will be able to roll out one million sets of transmission gearboxes. (www.chinatrucks.com)
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