Shaanxi Fast Automotive Transmission Group Co., Ltd. (hereinafter referred to as "Fast") was founded in 1968. It is the world's largest production base for commercial vehicle transmissions and a comprehensive solution provider for intelligent manufacturing of high-quality automotive transmission systems and high-end equipment. It has more than 20 subsidiary companies (including 2 overseas factories) and over 13000 employees. The enterprise has ranked first in China's gear industry for 23 consecutive years in various business indicators, and the annual production and sales of heavy-duty vehicle transmissions have remained the world's top for 20 consecutive years.

The enterprise has successively won many honors such as "National Advanced Grassroots Party Organization", "National May Day Labor Award", "National Civilized Unit", "National Model Enterprise with Harmonious Labor Relations", "National Model Workers' Home", "National Science and Technology Progress First Prize", "China Industry Award", "National Best Practice Enterprise in Enterprise Culture Construction", etc.

According to the scientific research strategy of "producing one generation, trial production one generation, research and development one generation, and reserve one generation", Fast Tech has established an international first-class scientific and technological innovation system supported by strategic support such as "National Enterprise Technology Center", "Academician Expert Workstation", "National Postdoctoral Research Workstation", and "UK Innovation Center". It has obtained more than 3300 authorized patents and achieved independent controllability of multiple key core technologies, filling the domestic gap. The enterprise has undertaken 16 national key scientific research projects, including national science and technology major projects and national key research and development plans, and has maintained a leading position in the industry in terms of annual R&D investment.

In recent years, Fast has always focused on eight industrial fields including automotive transmission, automotive safety, new energy, agricultural equipment, engineering machinery, intelligent manufacturing, intelligent driving, and high-precision gears. It has successfully launched multiple intelligent, high-end, and international new products such as Fast Intelligent, Fast Easy, and Fast Blue, providing the best configuration for global commercial vehicle innovation and development. Fifteen core industrial parks and manufacturing bases have been established, including heavy-duty vehicle transmissions, medium and light truck transmissions, passenger car transmissions, AT hydraulic automatic transmissions, AMT mechanical automatic transmissions, S transmissions, hydraulic retarders, clutches, reducers, hybrid power, automotive parts, and industrial manufacturing mother machines. The leading product has been selected as a designated supporting product by over 150 domestic and foreign OEMs for thousands of vehicle models. The sales volume of the transmission market has exceeded 14 million units, and the domestic market share has always maintained the first place in the industry.

Adhering to the strategy of empowering enterprises with high-quality development through digital technology, Fasttech has taken the lead in building the first black light factory in the industry, successfully applying six core technologies including digital twin and black light production. Through intelligent and digital high-tech such as Internet of Things, digital perception, and data-driven, the company's production efficiency has increased by 70%, energy consumption has decreased by 14%, and per capita output value has increased by more than five times, achieving a leapfrog upgrade in intelligent manufacturing. As of now, the CNC rate of key processes in enterprises has reached 98%, and more than 100 production lines have achieved digital upgrading and replacement, successfully selected as one of the first batch of "digital leading" enterprises in the country. Intelligent manufacturing has been deeply popularized and has successively won the titles of "National Intellectual Property Demonstration Enterprise", "First Batch of Manufacturing Single Champion Demonstration Enterprises", "Intelligent Manufacturing Demonstration Enterprise", "National Green Factory", "Zero Carbon Factory", and "Double Hundred Enterprises" in state-owned enterprise reform. It has been listed as one of the top 30 in China's automotive industry, top 100 in China's machinery industry, top 500 in China's manufacturing industry, and "Double Hundred" in international and domestic automotive parts.

Fast actively responded to the national "the Belt and Road" initiative, accelerated the construction of global industrial layout, gave full play to the location advantages of Thai owned factories and European companies, strengthened joint ventures and cooperation with global well-known multinational companies, and set up distribution companies and offices in North America, Eastern Europe, Southeast Asia and other places. Our products are widely exported to more than 50 countries and regions including North America, Northeast Asia, Southeast Asia, Eastern Europe, South America, and the Middle East. Our international marketing network has begun to take shape, and the global radiation effect is becoming increasingly prominent. Our brand's international influence has been magnified in three dimensions.

Faust's outstanding achievements in innovative development have been fully recognized and highly praised by the leaders of the Party and the state. In recent years, many party and state leaders have conducted in-depth investigations and research in Faust, giving warm care to the enterprise and placing sincere hopes on the employees, which has deeply stimulated the strong synergy of enterprise innovation and development.