Punch Powertrain is a transmission supplier that's creeping up on the rails of the more established suppliers such as Aisin, JATCO and ZF and is providing them with stiff competition. Since 2013 it's achieved average annual growth of around 50% and has plans to take its capacity from 1.2 million units at the end of this year to over 3 million units by 2020. It's headquartered at Sint-Truiden in Belgium and is a major supplier of CVTs to Chinese domestic OEMs from its manufacturing plant in Nanjing, China.