Since the new century began, Fast’s production has kept fast growing in consecutive years, with an average growth rate of over 30%. The products are applied in thousands of models of vehicles for more than 150 domestic OEMs, taking up over 70% of domestic market share , and widely exported to America, Australia, Eastern Europe, South America, Southeast Asia, the Middle East and other countries and regions.
Currently, Fast is taking firm steps towards international development, and has established close strategic partnership with a number of world-renowned companies. Meanwhile, the company tries to seize the opportunity to promote its unique "FAST" paradigm of production worldwide. The first wholly-owned factory was established in Thailand which is a "testing ground" for the company to achieve globalization.
Export of Transmission Assembly Helps to Increase International Market Share
In recent years, Fast has begun to devote itself to exporting transmission assembly while increasing OEM parts export, so that the Fast brand is pushed to the international market and gradually the structure of export products tends to be more reasonable.
Based on the characteristics of the Southeast Asian market, Fast has developed assembly products of 6-speed, 9-speed, 12-speed and a total of 24 kinds of technical protocol stereotypes, successfully supporting Volvo project, and most products have been in mass production phase.
Establishment of overseas plants opens a new path of internationalization
On October 8 of this year, with the successful test of the first 12-speed transmission assembled in Thailand, Fast declared that its first overseas plant came into operation. As the company's first overseas plant, as well as Thailand's first commercial vehicle transmission manufacturer, Fast Auto Drive (Thailand) Co., Ltd. only spent one year from groundbreaking to introduce the production line, and then to complete the assembly of the first transmission. Such a "FAST" speed amazed the local government and industry and created a miracle of the local automotive industry.
As the development of Fast Thailand, the company will become more influential in the Southeast Asian market.
International cooperation contributes to enhance global influence
Over the past few years, by virtue of win-win cooperation, Fast has been taking faster and steadier pace towards international development. Fast has signed strategic cooperation agreements with a number of world-renowned companies, which brought many opportunities for the Fast to go to the world and also created a new situation of corporate globalization, diversification and high-end development.