# Fast Auto Drive purchases $32.4M machine tools from GROB SYSTEMS

Fast Auto Drive signed a contract with GROB SYSTEMS to purchase horizontal machining center machine tools worth $32.3582 million. The equipment will help increase annual transmission output from 40,000 to 200,000 units.

- Type: Contract
- Announced: 2024-01-15
- Where: China
- Value: $32.4M
- Status: completed
- Products: horizontal machining center machine tools, commercial vehicle automatic transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fast Auto Drive](https://endata.com/companies/74965.md) (customer)
- [GROB SYSTEMS](https://endata.com/companies/74966.md) (supplier)

## Sources

- [haythink.com](https://www.haythink.com/fast-auto-drive-chinas-largest-manufacturer-of-high-end-commercial-vehicle-automatic-transmissions-purchases-horizontal-machining-center-machine-tools-from-grob-systems/), 2024-01-15: "Fast Auto Drive, China's largest manufacturer of high-end commercial vehicle automatic transmissions, signed a contract with German GROB SYSTEMS to purchase horizontal machining center machine tools worth 32.3582 million US dollars."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.