CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. (CRRC Zhuzhou Institute), formerly known as the Zhuzhou Electrical Locomotive Research Institute affiliated to the Ministry of Railways, was established in 1959 and is currently a subsidiary solely held by the China Railway Rolling Stock Corporation.
Comprised of ten entities, the CRRC Zhuzhou Institute boasts two listed companies, 11 national platforms for scientific research and innovation, three corporate postdoctoral research workstations and five technology R&D centers overseas. Five institutions affiliated to the CRRC Zhuzhou Institute and specializing in the development of new technologies have been selected for inclusion in the national list of “small giants”. The company currently has nearly 7,000 R&D personnel, including one academician of the Chinese Academy of Engineering, more than 200 PhD holders and over 3,000 master’s degree holders.
The CRRC Zhuzhou Institute actively responds to national strategies, adheres to the innovation-driven development model, dedicates itself to the fields of transportation and energy, focuses on the three core technologies (devices, materials and algorithms) and contributes to the eight industrial sectors, namely rail transit, new materials, new energy equipment, power electronic devices, electric drive systems for automobiles, industrial electric equipment, deep-sea equipment and intelligent rail transport systems.
The CRRC Zhuzhou Institute is committed to deepening the reform of state-owned enterprises, and its reform practices have been included in Samples of Reform: A Collection of Cases Concerning the “Double Hundred Action” for SOE Reform issued by the State-owned Assets Supervision and Administration Commission. Through continuous efforts in reform and innovation, the enterprise has constantly been provided with fresh impetus and is developing at a rapid pace, achieving an output value of more than RMB 40 billion, contributing nearly RMB 5 billion in profit tax each year and creating significant socioeconomic benefits.
Placing great emphasis on innovation and leadership, the CRRC Zhuzhou institute is making every effort to become a world-class enterprise in the fields of transportation and energy, and striving toward the goal of becoming an internationalized industrial group that “features high-end, high efficiency and high-quality, and sets the trends for the industries it engages in through technological developments.”