- Business
- Zhuzhou CRRC Times Electric Co., Ltd. manufactures and sells rail transit electrical systems and components, including propulsion and control systems for locomotives, electric multiple units, and urban transit trains; traction converter systems; power supply systems; signaling systems; platform screen doors; and rail maintenance vehicles. The company also provides marine engineering equipment, wind power systems, energy storage solutions, hydrogen systems, photovoltaic systems, automotive electric drive systems, industrial electrical systems, and power semiconductor devices. Founded in 2005 with roots tracing to the 1959-established CRRC Zhuzhou Institute and headquartered in Zhuzhou, Hunan Province, China, it operates a subsidiary in the United States and exports products to over 20 countries including the United States, Australia, South Africa, Argentina, and Turkey. A subsidiary of CRRC Corporation Limited and listed on the Hong Kong Stock Exchange (3898.HK) since 2006 and the Shanghai STAR Market (688187.SS) since 2021, the company leads China's rail transit electrical systems market and holds independent intellectual property in converter, control, and semiconductor technologies. Recent developments include scheduling an extraordinary general meeting on December 15, 2025, to approve the 2026-2028 CRRC Group Mutual Supply Agreement for ongoing transactions with its parent; reporting positive nine-month 2025 results with revenue of CNY 18.83 billion and net income of CNY 2.72 billion; entering an equity transfer agreement to acquire Hunan CRRC Commercial Vehicle Power Technology Co.; and advancing investments in semiconductors, new energy vehicle electrical systems, green hydrogen production with costs below €0.27/Nm³H₂, and 12MW IGBT power supplies achieving over 98% efficiency.