Shaanxi Fast Group achieved a record high in its production and operations in the first quarter. The total industrial output value (current price) and sales revenue (excluding tax) both exceeded 1.3 billion yuan, which doubled from the same period of last year. The production and sales of heavy-duty transmissions reached 102,434 and 114,480 respectively, an increase of 92.34% and 117.4% year-on-year. Among them, both the production and sales of heavy-duty transmissions exceeded 40,000 units in March, and the growth rate of various business indicators exceeded the market growth rate over the same period.
Since the beginning of this year, Fast Group has taken the advantages of expanding the domestic market and exploring the international market with full strength, giving full play to the advantages of complementary development of domestic and foreign markets, and creating a diversified product portfolio, multiple series, multiple varieties, and large market development. In the new situation, the speed of new products entering the market is accelerating. New products such as 9-speed, 12-speed, and 16-speed transmissions are strongly favored by users. Demand grows rapidly, production and sales increase month by month, and the market share has reached 85. Around %, it laid a solid foundation for the sustainable development of the company.
Facing the ever-increasing domestic and foreign market demand, the Fast Group further accelerates the pace of independent innovation and independent intellectual property rights construction. The construction of corporate R&D centers has entered the implementation phase, and the second phase of technical innovation and R&D construction projects have been fully started and are under quality. Various aspects such as innovation, R&D and technical services are constantly surpassing themselves and accelerating their integration into the global mainstream market.
View related topics: Fast: Heavy-duty transmission production and sales in the world
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