[2] as a special purpose vehicle for potential initial public offering for the major assets of state-owned CSR Group.
[6] On 26 December 2011, CSR announced that it had successfully tested a super high speed train that was capable of traveling at 500 km/h.
[8][9] At the end of 2014 CSR and its rival CNR announced their intention to merge, with a 1:1 share swap; the resultant company (value ~$26billion) was to be named CRRC.
Carriages are built in factories in Nanjing, Zhuzhou, Beijing, Meishan, Wuchang, Tongling, Shijiazhuang, Wuhan and Guiyang.
A joint venture between CSRC and Australian-based United Group manufactured MTR with 21 Phase IV LRV cars delivered in 2009.