LANZHOU, Gansu – China Railway Rolling Stock Corp. (CRRC) signed a strategic cooperation framework agreement with the Gansu municipal government on November 5 to build a new energy bus plant in Lanzhou, Gansu Province.
The two parties will cooperate in promoting service-orientated manufacturing industry, raw material industrial chain expansion, railway construction, headquarters economy, NEV promotion and application, accurate poverty alleviation, and information construction. The Lanzhou municipal government also signed a cooperation agreement on new energy bus application and industry development with an industrial complex with CRRC Electric Locomotive Co., Ltd. as the entity.
The cooperation will promote the application of NEVs in tourist attractions of the Gansu Province and the usage of CRRC produced new energy public buses throughout the whole province. CRRC will take this project as a first step, gradually form a production, sales, repair and maintenance, and service headquarters in northwest China, and establish an industrial complex with output value exceeding ¥10 billion ($1.56 billion).