CRRC Corporation Limited, headquartered in Beijing, has 46 wholly-owned & majority-owned subsidiaries and over 180,000 employees. It is the world’s largest supplier of rail transportation equipment with the most complete product lines and leading technologies. Its main businesses cover the R&D, design, manufacture, repair, sale, lease and technical services for rolling stock, urban rail transit vehicles, engineering machinery, all types of electrical equipment, electronic equipment and parts, electric products and environmental protection equipment, consulting services, industrial investment and management, asset management, import and export.
The history of CRRC is the history of Chinese railway
CRRC’s revenues in 2015 is USD 37.8 billion, ranking 266 on the Fortune Global 500 List. CRRC’s R&D investment is EUR1.408 billion, ranking at 96 onto the world top 2,500 R&D Investors. It has built the world leading rail transit equipment technology platform and manufacturing base. Its high-speed trains, high-power locomotives, railway trucks, urban rail transit vehicles and other typical products, which have fully reached world advanced level. Its global footprint have spanned across 101 countries and regions, and the high-speed trains manufactured by the CRRC have for sure become an important business card to show China’s development achievements to the world.
CRRC overseas market
The CRRC Institute is a strategic support department directly under the CRRC. It mainly functions as the technical economy research center, science and technology resource center, as well as the strategic and development research center of CRRC. The institute sets up the development research platform of industrial development and the platform of resource aggregation for CRRC and its subsidiaries, organizes the promotion of basic, forward-looking, common technology research and the commercialization and industrialization of scientific and technological achievements. The CRRC Institute also carries out the intelligent technology research and the research and construction of production platform. The institute closely follows political and environmental changes as national policies and regulations, market environment, industrial trends, and competitive enterprises, and carries out the research work by focusing on major and practical issues such as development strategy and management innovation of CRRC. The institute aims to integrate the information resources, construct a unified competitive intelligence system, and provides the science and technology innovation services for CRRC’s subsidiaries.
History of CRRC Institute