CRRC Corporation Limited (abbreviated as CRRC) is the world’s largest, most comprehensive, and most advanced rail transit equipment manufacturer. Formed in 2015 through the strategic merger of CNR and CSR, CRRC is headquartered in Beijing. It boasts 46 wholly owned and controlled subsidiaries, over 170,000 employees, and its business spans locomotives, EMUs, urban rail vehicles, and new energy equipment.
I. Core Advantages: Technology – Driven and Full – Industry – Chain Layout
- Global Market Leadership
(1) Domestic Market Monopoly Advantage: CRRC has a market share of over 95% in EMUs, and 65%, 80%, and 70% in locomotives, freight cars, and urban rail vehicles, respectively.
(2) International Operations in 116 Countries: Its products are exported to 83% of the world’s rail-equipped countries. CRRC participated in the China – Laos Railway and the Jakarta – Bandung High – Speed Railway. In 2023, its international contract value reached 58.4 billion yuan.
- Disruptive Technological Innovation
(1) High-speed Railway Technology Benchmark: The self-developed “Fuxing” EMU covers speeds from 160 to 350 km/h. The CR450 test vehicle set a world record of 891 km/h and is planned for operation on the Beijing – Shanghai High – Speed Railway in 2026.
Breakthroughs in New Energy and Intelligence: CRRC launched the world’s first hydrogen – energy regional rail vehicle with a range of 600 km and a 600 – km – per – hour maglev system. It also overcame “bottleneck” technologies like IGBT chips and high-speed bearings, achieving 98% domestication**.
- Diversified Business Synergy
(1) Rail Transit Equipment: In 2023, it generated 98.191 billion yuan in revenue, accounting for 42% of total revenue.
Clean Energy and New Industries: CRRC ranks in the top three domestically in wind power equipment sales and is the world’s largest in energy storage installations. Its new energy buses achieved a monthly sales of 642 units, securing second position in market share.
II. GlobalStrategy: Localization and Technology Transfer
- Active Participation in the “Belt and Road” Initiative
(1) Signature Projects:
①The Jakarta-Bandung High-Speed Railway (Indonesia) has a daily ridership of over 21,000 passengers, with a cumulative 7.75 million passengers (as of 2025).
②The Hungary-Serbia Railway has reduced cross-border travel time to three hours.
③In Argentina, CRRC won a contract for 29 new trains for Line B of the Buenos Aires Metro in 2025, worth $263 million, with a factory price 10.6% lower than the budget.
- International Operation Model
(1) Established localized production bases in Malaysia, India, and Turkey, with over 85% local staff.
(2) Won competitions through technology transfer and financial support, such as providing 80% financing for the Argentina project, breaking the monopoly of European and American enterprises.
III.Sustainable Development and Future Plans
1.Green Transition Strategy
(1) Aims to achieve 10GW of wind power installation, 15% hydrogen-powered locomotives, and surpass 20 billion yuan in energy storage business revenue by 2030.
(2) In 2024, seven new energy locomotives launched covering hydrogen fuel cells and hybrid technologies, reducing emissions by 170 tons per unit annually.
2.Digital Transformation: The industrial internet platform connects over 1 million devices, with core digital economy businesses generating 8.5 billion yuan in revenue and a two – industry integration index of 91.25 (industry – leading).
3.Global Growth Goals
(1) Plans to raise overseas revenue share to 25% by 2025, focusing on Southeast Asia, the Middle East, and Europe.
(2) In 2024, secured 298.6 billion yuan in new orders, with 270.3 billion yuan in backlog, ensuring performance growth over the next three years.
IV. Valueof Cooperation: Empowering Global Infrastructure Upgrades
CRRC’s “Technology + Standards + Services” model offers customers lifecycle solutions.
(1) Equipment Adaptability: Its equipment can operate in extreme cold (e.g., Canada), heat (e.g., the Middle East), and high-altitude areas (e.g., Tibet mining dump trucks).
(2) Service Network: A localized maintenance and support system across six continents reduces customers’ operational costs.
(3) Policy Coordination: Aligned with “Made in China 2025” and global carbon neutrality goals, driving partners’ green upgrades.
