Power management company Eaton and Shaanxi Fast Gear (SFGW) recently joined forces and announced their joint venture to manufacture manual transmissions for light-duty commercial vehicles.
The proposed project will be based in the High Tech Zone of Baoji City in Shaanxi Province, and will focus on manufacturing, selling and servicing manual transmissions for the large and fast growing light-duty truck industry in China. In addition, the companies will sell their products throughout the Asia-Pacific region, Eastern Europe and Africa.
“We are pleased to announce our new joint venture with SFGW,” said João Faria, president of Eaton Vehicle Group. “Eaton’s efficient transmission solutions, combined with SFGW’s infrastructure and current light-duty transmission portfolio will strengthen our collective goal to help light-duty commercial vehicle OEMs meet increasing regulations for improved fuel economy and performance.”
SFGW, headquartered in Xi’an will own a 51 percent share of the new joint venture and Eaton will own 49 percent.
Eaton and SFGW are currently partners in another joint venture, Fast Eaton Clutch, that develops, manufactures and services clutches and associated clutch components in China. Fast Eaton Clutch is based in Xi’an and has seen a significant increase in sales since starting operations in 2014.