Bombardier’s joint venture wins contract to build 112 new Chinese standard high-speed train cars

With over 4,600 train cars already delivered, Bombardier’s Chinese joint venture is the only Sino-foreign entity to ever win a new Chinese standard high-speed train bidThis is BST’s first order the new generation 250 km/h CR300AF high-speed trainBERLIN, Nov. 19, 2020 (GLOBE NEWSWIRE) —Note to editors: To view the photo associated with this press release, please visit the following link: https://www.globenewswire.com/NewsRoom/AttachmentNg/e484e11c-8c90-40b1-9f7e-2438bf4e30e9Global mobility solution provider Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded a contract from China State Railway Group Co., Ltd. (CHINA RAILWAY) to supply 112 CR300AF cars – the new Chinese standard high-speed train car used for China’s evolving high-speed rail network. The 112 cars will be configured into fourteen 8-car trainsets with an operating speed of 250 km/h. The contract is valued at approximately 1.6 billion CNY ($248 million US, 209 million euro). Bombardier Transportation owns 50 per cent of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Rolling Stock Co., Ltd.Jianwei Zhang, President, Bombardier Transportation China, said, “We are honored to have been chosen to supply the new generation of high-speed railway CR300AF trains, through our BST joint venture. We sincerely thank CHINA RAILWAY for its trust and CRRC for its support. We will deliver the state-of-art trains at quality, within budget and on time.”This latest order is BST’s first contract for the new generation of high-speed trains, the CR300AF which has an operating speed of 250 km/h. Among the 14 trainsets, 10 are for Fujian Fuping Railway Co., Ltd.  and the remaining train-sets are for Guangdong Meizhou-Shantou Passenger Dedicated Line Co., Ltd. BST was first chosen to supply the new Chinese standard high-speed train cars in 2018, and since then has delivered a total of 448, 350 km/h CR400AF and CR400AF-A cars to CHINA RAILWAY. This new order reflects the trust and satisfaction that the customer has placed in BST. All 112 cars will be delivered by January 2021.Bombardier Transportation in China is the full solution provider across the entire value chain. From vehicles and propulsion to services and design, Bombardier Transportation in China has seven joint ventures, six wholly foreign-owned enterprises, and more than 8,000 employees. Together, the joint ventures have delivered 4,600 railway passenger cars, 580 electric locomotives and over 3,000 metro cars, Monorail, APM, and trams to China’s growing rail transit markets. It is a major signalling supplier to the Chinese high-speed network and through its joint ventures, propulsion equipment and signalling systems are utilized in a total of 30 Chinese cities.About Bombardier Transportation
Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 36,000 people and its products and services operate in over 60 countries.About Bombardier
With over 52,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.Notes to editors
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