On Sep.19th, the production ceremony of Fast Eaton (Baoji) LD Transmission Co., Ltd. was held in the new base in Baoji. Mr. Yan Jianbo, Party Secretory and Board Chairman of Fast Group, Yang Bo, Vice President of Eaton Vehicle Group and Vehicle Electric Division and General Manager of Eaton China attended the ceremony, put red flowers for the first batch of transmissions that successfully off the assembly line, and witnessed the milestone moment of bilateral cooperation. Vice General Manager Wang Shunli and more than 200 employees, including that of Fast Eaton (Baoji) Company and representatives of Fast Group attended the ceremony.

Board Chairman Yan Jianbo, on behalf of Fast Group, expressed his warm congratulation to the formal launch of Fast Eaton (Baoji) Company and delivered a speech: the JV Company’s formal launch was not only another strategic result of Fast and Eaton’s cooperative development, but also a special gift to the 70th anniversary of founding of New China and the 51st anniversary of the establishment of Fast Group. Fast and Eaton had established deep friendship during years of strategic cooperation, and had established two joint ventures, Fast Eaton Clutch and Fast Eaton LD Transmission. Today, Fast Eaton (Baoji) Company, which bore the common dream of both parties, was put into production successfully, marking a new journey of the strategic cooperation of the two parties.

Chairman Yan Jianbo called on both parties to take the ceremony as an opportunity to develop a wider field, deeper and higher-level cooperation, join hands to build a new era of dreams, actively embrace the "New Four Modernizations", and actively build a co-creation, co-construction, sharing and win-win new development pattern. We hoped that all employees of the JV company would firmly establish a leading thinking, comprehensively integrate the resources of both parties, deeply focus on industry trends, strengthen product innovation and research, accelerate the pace of product lot sizing and marketization, and create a "technology-led, innovation-driven, quality-supported, market-led" development new model, go all out to build the JV into a new engine that leads the industry's high-quality development, and make greater contributions to the strategic cooperation development of both sides and the dream of China's automobile powerhouse.

VP Yang Bo said that Fast Eaton (Baoji) LD Transmission Co., Ltd. is another fruit of strategic cooperation between Fast Group and Eaton, which have jointly developed the Chinese market and entered the international market. In the face of the unpredictable and highly competitive commercial vehicle market, only joint efforts, forward thinking, keen insight, courage to innovation, efficient operation, and continuous improvement could lead the JV to the top of the ever-changing market competition. It was believed that through joint efforts of both parties, the JV company would definitely show greater achievements and achieve better results in the field of commercial vehicles.

Fast Eaton (Baoji) Company is mainly involved in R&D, production, sales and service of LD commercial vehicle transmission and relative components. Since signing Cooperation Agreement in May 2018, in just over one year, the two parties have set high standards, high quality, and high efficiency as their tenet, and had been building day and night, debugging against time and completing company establishment, workshop building construction, talent team building, supplier development, technology transfer, quality system construction, production line installation, etc., ensuring that the production line can be put into production in the shortest time. After the ceremony, Chairman Yan Jianbo of Fast Group and Yang Bo, Vice President of Eaton Vehicle Group, went into the workshop to understand the operation of