China’s CRRC Industrial Investment Co officialy launched the CRRC Investment’s European office, in Budapest.
The goal of the new regional office in Budapest will be to explore European state-of-the-art technologies and industries, and to invest in them.
At the event, CRRC Urban Traffic and the Hungarian branch of Bank of China signed a memorandum of financial cooperation aimed at jointly offering comprehensive urban public transport services to the Central and Eastern European countries.
‘One reason the new Budapest center was being set up was to accelerate the dissemination of CRRC’s system throughout Europe,’ CRRC Urban Traffic President Gu Yifeng said.
CRRC is a subsidiary of China’s rolling stock manufacturer holding and it was established in 2015 under the CSR and CNR merger.
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