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The sales revenue of the two giants Shaanxi Fast Automotive Transmission Group Co., Ltd. and Nanjing High Precision Transmission Equipment Manufacturing Co., Ltd. reached 12.618 billion yuan and 12 billion yuan, respectively, an increase of 67.3% and 46.3%, respectively.
According to reports, at present, the gear industry enterprises have made breakthroughs in high-end technologies such as CVT, AMT, and AT. Hunan Jiangrong Rongda Vehicle Transmission Co., Ltd. and Nanjing Afu Automobile Control System Co., Ltd. have begun batch production.
Gear industry sales in 2010 exceeded 160 billion yuan
Statistical data from the China Gear Professional Association shows that in 2010 gear industry sales exceeded 160 billion yuan, with an average growth rate of more than 25%.