Fast had a good start in production and sales in the first quarter of 2011, selling 263,000 units of automobile transmissions, achieving sales revenue of 3.773 billion yuan, and earning US$4.6252 million in export earnings. Various business indicators continued to maintain rapid growth.
In order to fully meet the needs of market development, Fast relies on advances in science and technology to overcome difficulties and seize opportunities. It has made great efforts in improving research and development capabilities, accelerating new product development, expanding scale production, and reducing production costs, and accelerating the automation of heavy-duty transmissions. Energy-saving, lightweight, and environmentally-friendly innovation and development, and on the basis of innovative development of heavy-duty transmissions, new breakthroughs have been achieved in passenger cars, medium and light trucks, engineering vehicles, low-speed trucks, and other fields. The independent research and development of 10JSD, 6DS, AMT and a series of new transmission products with lightweight design quickly seized the market commanding height, providing a steady stream of new and optimized configurations for the upgrade of the domestic commercial vehicle market, further expanding the market leading position and leading edge of the Fast brand. For the scientific development and rapid development of enterprises has won the first opportunity.
Facing the new changes in the current market situation, the Fast Group seeks to resolve unfavorable factors, accelerate the pace of technological innovation system construction and the scientific transformation and development of enterprises from multiple angles and layers, and fully enhance the company's independent R&D and equipment manufacturing capabilities. The level of scientific development has laid a solid foundation for new breakthroughs in production and sales in 2011.
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