On April 8, 2011, Shaanxi Fast Gear Co., Ltd., the largest manufacturer and supplier of heavy-duty vehicle transmissions in China, joined forces with Fortune 500 company Caterpillar Inc. to formally sign a joint venture contract in Xi’an. Xi'an Shuangte Intelligent Transmission Co., Ltd. develops and produces a full range of heavy-duty hydraulic automatic transmission (AT) and other export parts for commercial vehicles on roads. It fully satisfies the demands of domestic and foreign markets for hydraulic automatic transmissions. 51%, Fast Group 4%, and Caterpillar 45%.
Present at the signing ceremony were Zhang Guobao, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Financial and Economic Committee; Li Ye, Director of the Energy Conservation and Technology Equipment Division of the National Energy Administration; Dong Yang, Executive Vice President and Secretary General of the China Association of Automobile Manufacturers; and Executive Vice Chairman of the China Automotive Engineering Society. Chairman and Secretary-General Fu Yuwu, Zhao Leji, Secretary of the Shaanxi Provincial Committee of the Communist Party of China, Zhao Zhengyong, Governor of Shaanxi Province, Wu Dengchang, Vice Governor of Shaanxi Province, Chairman and CEO of Weichai Power Group, Chairman of Shaanxi Fast Gear Co., Ltd. Xu Guang, Chairman of the Shaanxi Fast Group Co., Ltd., and Party Secretary Li Dakai, Caterpillar Vice President Hans Hefili, and Caterpillar (China) Investment Co., Ltd. Chairman Jin Liwen and others. The signing ceremony was hosted by Yan Jianbo, general manager of Shaanxi Fast Group.
Xi'an Shuangte Intelligent Transmission Co., Ltd. settled in Xi'an High-tech Zone, covers an area of ​​264 acres, a total investment of 1 billion yuan, mainly through the introduction of Caterpillar advanced CX series heavy-duty hydraulic automatic transmission (AT) technology, heavy-duty AT transmission Production, sales, and re-development, and supply Caterpillar with the required gear, shell, and miscellaneous parts and other construction machinery parts. After reaching production capacity, it can form an annual production capacity of 120,000 sets of heavy-duty hydraulic automatic transmission (AT) and 1.5 million engineering machinery parts and components, achieving an annual sales income of more than 10 billion yuan. The first phase of the project is expected to be completed by the end of 2013.
Caterpillar Inc. is the world's largest manufacturer and marketer of earthmoving machinery and construction machinery. It is also one of the world's largest manufacturers of diesel engines, gas engines and industrial gas turbines. It has a global leader in hydraulic drive R&D and manufacturing. Advantage. In 2010, Caterpillar achieved sales revenue of more than US$41 billion, ranking first in the global construction machinery industry and ranking 229 in the Fortune 500. Xi'an Shuangte Intelligent Transmission Co., Ltd. is the only company that has established a joint venture with Fast to develop and manufacture a hydraulic automatic transmission (AT).
Fastest is China's largest large-scale specialized production enterprise and export base for heavy-duty automobile transmissions, automotive gears, and castings and forgings. With total assets of more than 10 billion yuan, it has five major production bases in Xi'an, Baoji and Xianyang. , integrating scientific research, development, manufacture and sales, has formed an annual production and sales capacity of 1 million automobile transmissions, 50 million gears, and 100,000 tons of automotive forgings. Automobile transmission products have been implemented in the 4th to 20th gear market. Full coverage, with a wide range of customer base and market awareness at home and abroad. In 2010, sales and sales revenue of Fast Company broke through 12.6 billion yuan and became the first enterprise in the gear industry to produce over 10 billion yuan in sales. All operating indicators ranked first in China's gear industry for nine consecutive years, and annual sales of heavy-duty transmissions have ranked first in the world for five consecutive years. With a domestic market share of 80% and a market holding of more than 3 million units, it has become a well-known brand at home and abroad.
The combination of the two sides can fully leverage Caterpillar's technological leadership and Fast's comprehensive competitive advantage in manufacturing, cost control, customer development, market branding and sales services. Complementing each other's advantages will help break the monopoly of foreign companies in the domestic heavy-duty hydraulic automatic transmission market, and accelerate the development of domestic automatic transmissions through learning, innovation, and promotion.
In the next five years, China's economy is still growing steadily, which lays a solid foundation for the sustainable development of the automotive industry. The heavy-duty hydraulic automatic transmission (AT) will usher in a golden period of rapid growth in the coming years. At present, the automatic transmissions (ATs) installed in domestic commercial vehicles are all dependent on imports. With the development of urban public transport and tourism, the proportion of passenger cars equipped with AT automatic transmissions will increase by 20% in the next few years. 10 After years, the proportion of passenger cars equipped with AT is expected to rise to 50%, and will be expanded to high-end heavy trucks, terminal tractors, off-road vehicles and other specialty vehicle market segments. The future market is huge.
Fast and Caterpillar have a long-term basis for good cooperation, and both parties have established a cooperative relationship of mutual trust, mutual benefit and mutual benefit. Caterpillar expects to collaborate in the production of road commercial vehicle automatic transmissions (ATVs) and export construction machinery parts to achieve important visions for its long-term goals, and Fast is expected to quickly advance its leading dominance in the field of mechanical transmissions. Expanded into the field of automatic transmission market, broadening the road for full access to a broader market for complete vehicles. The joint venture established Xi'an Shuangte Intelligent Transmission Co., Ltd. not only further consolidated and extended the cooperation between the two sides in exporting parts, but also established a cooperation between Fast and Caterpillar in the development of AT transmissions and the wider field. Broad platform.
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