CRRC Kicks Off New Locomotive for Central Asia Industrial Operations; Shares Down 3%

MT Newswires Live

06/26

CRRC (SHA:601766, HKG:1766) launched a serialized new energy locomotive brand for industrial rail operations across Central Asia and markets within the Belt and Road regions, according to a press release on Friday.

The Xuankun, also named Velforce, was presented at the China-Eurasia Expo. It will be used for the region's mining and port railways.

The locomotive covers 1,000 kilowatts to 2,000kW through powertrains: a diesel-battery hybrid, a pure battery, and a hydrogen fuel cell. It was designed for Central Asia's harsh climate and rugged terrain. Its features include voice control powered by artificial intelligence, with a one-button departure and unmanned autonomous operation to enhance safety.

The railway company's Hong Kong shares fell 3% while Shanghai shares slipped 2% during the afternoon trade.

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