Faster Medium-duty Transmission and New Energy Transmission Project Starts Construction in Baoji Hi-tech Automotive Industry Park Fast Lighting Co., Ltd. and its new energy transmission project, with Fast as the main investment, mainly engaged in the development, production and sales of medium and light transmissions and new energy transmission products. The total investment of the project is about 3 billion yuan. It will be implemented in two phases. The first phase will invest 2 billion yuan, of which the construction investment will be 1.5 billion yuan, and the R&D investment will be 500 million yuan. It is estimated that it will be completed and put into use in December 2018. Production capacity of 1 million Taichung light transmissions and new energy transmission products, sales revenue of 6 billion yuan, profits and taxes 500 million yuan.
It is understood that the project will be in accordance with the overall arrangement of green factories, smart production, and intelligent logistics, and purchase international advanced machining, assembly production lines, logistics transportation and related supporting testing and testing equipment. With the completion of the new project, during the “Thirteenth Five-Year Plan†period, the Fast Baoji Plant will become a modern enterprise group with an annual output of over RMB 10 billion and an auto parts innovation research and development base. This will not only optimize the market for enterprises, but also speed up industrial transformation. It is of great significance to upgrade and speed up to the high end of the industry. At the same time, it will also form a radiating driving effect on the overall development of the automobile industry in the park and attract more auto parts supporting enterprises to enter the park, thus forming a good situation of efficient cooperation, resource sharing, and coordinated development. This will provide strong support for Baoji to catch up and surpass and to build the western modern automobile industry center.
Groundbreaking ceremony
Vice Chairman of the Standing Committee of Baoji Municipality and Deputy Mayor Ma Wei Hosting Ceremony, Wang Lin, Member of the Standing Committee of the Municipal Party Committee, Deputy Mayor of the Municipal Committee, Li Xingan, Vice Chairman of the CPPCC, Secretary of the Party Committee of the Baoji High-tech Zone, and Director of the Management Committee Hao Jinsheng, Shaanxi Fast Group Corporation Chairman Yan Jianbo and general manager Ma Xuyao ​​attended the opening ceremony and laid the foundation stone for the project.
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