In the first quarter of this year, Fast experienced a surge in demand for its heavy-duty transmissions, with both production and sales showing significant month-over-month growth. The company reported an untaxed sales revenue of 65,514,400 yuan, while the total industrial output (at current prices) reached 6,934.069 million yuan. A total of 53,256 units of heavy-duty transmissions were produced, and 52,659 units were sold. Export earnings amounted to $12,104,800, marking a 6.59% increase compared to the same period last year. All key business indicators surpassed previous records, reinforcing Fast’s position as a market leader in the industry.
By March, Fast had received orders for heavy-duty transmissions that exceeded its highest single-month record, with daily demand peaking at 1,200 units. Nissan, one of its major clients, has consistently exceeded 1,000 units per month, contributing to a new monthly sales record. This trend highlights the growing confidence in Fast’s products among key customers.
Currently, most of China’s leading heavy-duty vehicle OEMs have become regular users of Fast’s transmissions. The market for these products is maturing, and Fast's newly launched 7- and 9-speed transmissions have been quickly embraced by major domestic manufacturers. These models are now driving the upgrade of China’s heavy-duty vehicle industry, setting new standards in performance and efficiency.
While domestic sales continue to climb, Fast’s heavy-duty transmissions are gaining popularity in both the export vehicle and OEM export markets. Demand has grown rapidly, creating a solid development trajectory. The company is focusing on transmission assembly exports as its main driver, with component exports serving as a complementary segment. Among these, the 9-speed and 12-speed full-synchronization transmissions are particularly favored internationally due to their excellent cost-performance ratio. Orders from Eastern European markets are increasing steadily, showcasing Fast’s strong brand competitiveness on the global stage.
For more insights: Fast: Heavy-Duty Transmission Production and Sales Worldwide
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