Hyundai Rotem (KRX:064350) introduced the second-generation KTX-Eum, a 260 km/h electric multiple unit (EMU)-type high-speed train set for deployment on major domestic routes, Pulse News reported Monday.
Shares of the company increased nearly 3% in Tuesday morning trade.
The high-speed train features a distributed power system for improved capacity and efficiency, and aligns with global EMU trends that dominate over 80% of the high-speed rail market, the report said.
Hyundai Rotem also plans to pursue overseas contracts, with the UAE and Eastern Europe as key export targets, it said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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