As of June 17, Xinzhu Corporation signed an agreement with the Siemens AG on the manufacturing of modern tram cars and co-establishment of a technical center.
As of June 17, the government of Xinjin County revealed that Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. (Xinzhu Corporation), which is located in Xinjin County in southern Chengdu, signed an agreement with the Siemens AG on the manufacturing of modern tram cars and co-establishment of a technical center for R&D of the electrical system’s integration technology and related products.
According to Xinzhu Corporation, 17 trams manufactured by it have gone through comprehensive testing and are scheduled to roll off of the production line next year.
An official from Xinjin County said that 32 enterprises involving the rail transit industry have by far settled in the county. Last year, the gross industrial output value of Xinjin’s rail transit industry reached about RMB6.2 billion (approx.US$133 million), accounting for 20.6% of the whole county’s gross industrial output value.
More German Investors Eye Chengdu
“Chengdu is an important city in the new round of China’s Western Development, which arouses increasing attention of German companies and attracts them to invest in the city,"said Michael Clauss, German Ambassador to China
Jun 30, 2014
Chengdu Races to be China's New Automotive Hub
With car sales rising in China's vast western region, Chengdu appears to have developed a new revenue source with which automobile makers can expand their factories and gain an edge over the fierce competition taking place in the country's eastern region.
