Bombardier’s China joint venture lands $427-million contract for high-speed train cars GlobeBusiness
Bombardier holds a 50 per cent stake in the joint venture alongside CRRC Sifang Rolling Stock Co. Ltd., whose parent company CRRC Corp. Ltd. is China’s state-owned train maker and the world’s largest manufacturer of rail equipment.Montreal-based Bombardier says the contract for 160 rail cars – to be made in China and with an operating speed of 350 km/h – will be completed by mid-2020.
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