At China’s 2026 “Two Sessions,” Sun Yongcai, chairman of CRRC Corporation Limited, outlined the company’s recent performance and strategic direction, highlighting major gains over the past five years and new targets for the next development cycle.
CRRC said its CR450 high-speed train prototype, designed for speeds of 400 km/h, will enter operational testing and further optimization in 2026. First unveiled in late 2024, the train is the fastest high-speed train developed to date. The company is also advancing a pipeline of new technologies, including hydrogen-powered trains, 200 km/h electric and 160 km/h diesel multiple units, next-generation metro systems, and a 20 MW offshore wind turbine.
Summarizing achievements during the previous five-year period, Sun said CRRC delivered breakthroughs across eight areas, namely record operational performance, strengthened global leadership, strengthened industrial structure, accelerated technology innovation, deepened reform, measurable progress in green development, rapid digital transformation, and stronger organizational governance. The company reported that its brand value exceeded RMB 200 billion, operations expanded to over 110 countries and regions, and labor productivity rose by 42.9%. Carbon emissions declined by 20% compared to the prior period, with 40 subsidiaries recognized as national-level green factories and 12 certified for green supply chain management.
Reflecting on how these results were achieved, Sun attributed the progress to what he described as “six pathways,” including maintaining strategic focus on core businesses, strengthening centralized strategic management, advancing technological self-reliance, deepening reform, and balancing development with risk control.
Looking ahead, CRRC plans to anchor its next phase of growth around improving “five key value areas” and achieving “nine world-class” capabilities, covering areas such as innovation, industrial structure, governance, brand influence, and overall competitiveness. The company is also continuing to expand its “dual-track” strategy, combining rail equipment manufacturing with clean energy sectors including wind, solar, energy storage, and hydrogen.
In addition, CRRC aims to strengthen its “second growth curve” by enhancing the profitability and competitiveness of emerging industries. Sun said this will be driven through “four forms of leadership”—value, technology, industry, and brand—focused on improving efficiency, advancing core technologies, strengthening industrial ecosystems, and increasing product value through brand development.
