In the first seven months, state-owned enterprises in Hunan exported 800 million yuan worth of rail transit equipment, a year-on-year increase of 58.7%.
In the first seven months, Hunan state-owned enterprises exported 800 million yuan worth of rail transit equipment, an increase of 58.7%, accounting for 82.9%.
Recently, the Changsha Customs announced that in the first seven months, the export of rail transit equipment from Hunan reached 960 million yuan, an increase of 24.4% compared to the same period last year. In July, the export of rail transit equipment from Hunan hit a historic high, surpassing 200 million yuan for the first time in a single month, with an increase of 117.5%.
During this year's World Cup in the U.S., Canada, and Mexico, "Made in Hunan" rail transit trains went into operation in Mexico, carrying over 1.25 million passengers daily, becoming a new calling card for overseas expansion. The export of Hunan rail transit equipment is primarily concentrated in the cities of Zhuzhou, Changsha, and Xiangtan. In the first seven months, Zhuzhou's exports totaled 910 million yuan, a growth of 30.2%, accounting for 95.3% of the province's total rail transit equipment exports.
Hunan's state-owned enterprises exported rail transit equipment worth 800 million yuan in the first seven months, a growth of 58.7%, accounting for 82.9%. Among them, CRRC Zhuzhou Electric Locomotive Co., Ltd. and Zhuzhou Times New Material Technology Co., Ltd. together accounted for 76.2% of the total export value during the same period; private enterprises exported 130 million yuan, while foreign-invested enterprises exported 32.67 million yuan.
Emerging market orders are intensively being realized. Recently, CRRC Zhuzhou signed a light rail contract worth 2.84 billion lira in Bursa, Turkey, while CRRC Changchun successfully bid for 10 new subway trains in Salvador, Brazil, at a value of 490 million reais. In the first seven months, our province exported rail transit equipment worth 600 million yuan to countries participating in the Belt and Road Initiative, an increase of 104.3%, accounting for over 60%. Uzbekistan, Germany, and South Korea were the top three single export markets, seeing increases of 136.6 times, 19.1%, and 2.7 times respectively; during the same period, exports to the European Union reached 260 million yuan, an increase of 20.6%.
"The core technology of Hunan's rail transit is rapidly spilling over to new energy equipment, and a preliminary pattern of coordinated development across diverse industries is forming," stated Changsha Customs. CRRC enterprises in Hunan can promote the sharing of overseas market channels between rail transit and industries such as wind power and energy storage, thereby reducing the export costs of a single industry.
This article is adapted from the official website of the Hunan Provincial People's Government, authored by Peng Kexin, Chen Qi, and Zhao Jiawei; edited by Wenwen.
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