In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation [zh] (LORIC) was formed, comprising 35 production sites and 4 research centres.
In 2002 the China Northern Locomotive & Rolling Stock Industry (Group) Corporation was spin-off from LORIC.
[2] Its main competitor, the China South Locomotive and Rolling Stock Industry (Group) Corporation was formed in the same year.
[5] In November 2005, CNR Group signed a 669 million euro agreement with Siemens under CEO Klaus Kleinfeld that gave them access to the intellectual property jewels of the latter.
[6][7] In 2008, a new Special purpose vehicle was incorporated, receiving major assets of the group and floated in both Shanghai and Hong Kong Stock Exchange.