CHINA: China Railway Group subsidiary China Railway Hi-Tech Industry Corp and Changzhou Tiansheng New Materials have announced their intent to establish a joint venture for the production of urban transport vehicles.
China Railway New Rail Transit Vehicle Co is to have its main production facility in Changzhou National Hi-tech District. It would focus on producing urban rail vehicles, including rubber-tyred and steel-wheel metro trains, trams, maglev trains, straddle and suspension monorails, and commuter trains. It could also manufacture articulated buses.
