BEIJING: China has now set out to enter the high-speed rail market in the United States in collaboration with General Electric. China, which has the world's longest high-speed rail network covering 7,500 kilometres, has also initiated plans to connect the country with South East Asian neighbors including Singapore, Thailand, Myanmar and Laos.
Roping in GE is a significant move because China's HSR network has so far relied on technology transfer from other train makers including Seimens. Alstom, Bombardier and Kawasaki Heavy Industries. The latest move involves establishing a joint venture in the US between GE and China's CSR Corporation Limited with an initial investment of $50 million.
GE said in a statement that the venture would advance high-speed and other rail technology in the United States besides creating 250 jobs by 2012. The new company will be the first US manufacturer ready to supply HSR passenger trains for projects in Florida and California, it said.
Read more: China set to tap US market for high-speed rail - The Times of India http://timesofindia.indiatimes.com/business/india-business/China-set-to-tap-US-market-for-high-speed-rail/articleshow/7083183.cms#ixzz17pn2sasK
Roping in GE is a significant move because China's HSR network has so far relied on technology transfer from other train makers including Seimens. Alstom, Bombardier and Kawasaki Heavy Industries. The latest move involves establishing a joint venture in the US between GE and China's CSR Corporation Limited with an initial investment of $50 million.
GE said in a statement that the venture would advance high-speed and other rail technology in the United States besides creating 250 jobs by 2012. The new company will be the first US manufacturer ready to supply HSR passenger trains for projects in Florida and California, it said.
Read more: China set to tap US market for high-speed rail - The Times of India http://timesofindia.indiatimes.com/business/india-business/China-set-to-tap-US-market-for-high-speed-rail/articleshow/7083183.cms#ixzz17pn2sasK
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