| 30-11-2007
CSR
Times Electric Vehicle Co., Ltd. (CSR TEV) signed a contract with Beijing Public
Transport Holdings Ltd and Beijing Jinghua Coach Co., Ltd recently for AC drive
system of over 200 vehicles used in Olympic Games. The contract value is over
42 million yuan. It is the other great significance for CSR TEV after a contract
signed in 2006 for AC drive system of over 100 trolleybuses in Beijing. It also
means that CSR Times is getting more and more trust from clients. Times
Electric Group is a corporate unity composed of CSR Zhuzhou Electric Locomotive
Research Institute, Zhuzhou Times Electric Co., Ltd. and Zhuzhou Times New Material
Technology Co., Ltd. with 5,000 staff and RMB2.9 billion capital assets. The annual
sales volume has exceeded RMB1.6 billion. Zhuzhou Electric Locomotive Research
Institute operates as a holding company and develops new industries. Zhuzhou Times
Electric Co., Ltd. aims at maintaining the leading position of rail transportation
industry and expanding booming fields related.
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