- Business
- CRRC Corporation Limited (1766.HK) manufactures and sells rail transit equipment, including locomotives, passenger coaches, freight wagons, rapid transit series vehicles, engineering machinery, and key components such as motors, electric transmission equipment, and bogies. The company offers comprehensive services encompassing research and development, design, refurbishment, leasing, technical servicing, maintenance, and supply chain management for rolling stock and related products; it also provides urban rail transit vehicles like EMUs, DMUs, trams, light rail vehicles, and metro cars; engineering machinery including construction equipment; electromechanical products such as wind turbines, new energy buses, polymer composites, and environmental protection equipment; and additional offerings in information consultation, industry investment, asset management, import/export, software development, logistics, and financial leasing. CRRC operates in rail transportation, urban transit, and clean energy sectors, serving mainline railways, high-speed networks, suburban and regional transport, and smart city infrastructure worldwide across 116 countries and six continents, with primary markets in Mainland China and expanding international presence in North America, Europe, and emerging regions.
Founded in 2007 as CSR Corporation Limited and renamed following the 2015 merger of CSR and CNR into the current entity under parent CRRC Group Co., Ltd., the company maintains headquarters at No. 16 Central West Fourth Ring Road, Haidian District, Beijing, China, with approximately 152,000 to 183,000 employees across numerous subsidiaries.
Recent developments include securing procurement deals worth US$200 million with 18 overseas suppliers from Germany, Spain, Switzerland, and Japan at the 8th China International Import Expo in November 2025, involving subsidiaries and partners such as Siemens, Hitachi Energy, ABB, and Schneider Electric; advancing research and development of intelligent intercity trains, metro trains, and new energy commercial vehicles; awarding a $1.3 billion order for Chicago metro cars by the Chicago Transit Authority; and completing the acquisition by CRRC Changchun of a 100% stake in an equipment technology company held by Erqi Locomotive in October 2025.