Chinese-made high-speed trains entered the EU market for the first time: China's largest high-speed train manufacturer CRRC recently signed a contract with the Czech railway private company Loe Express in Prague. With the signed contract, Chinese high-speed trains entered the EU market.
Loe Express has announced that it will purchase three high-speed trains from China. The transaction volume of the contract in question exceeded 20 million euros. Thus, the high-speed trains produced by China will enter the EU market for the first time.
According to information provided by CRRC Deputy General Manager Liao Hongtao, Loe Express Company's demand for high-speed trains in the next few years will be fully covered by China's largest high-speed train manufacturer CRRC. The number of high-speed trains the company will purchase in the next 3 years will exceed 30.