China Trainmaker CRRC Plans to Double Its Overseas Sales
- CRRC is in touch with U.S. cities that are building subways
- Company broke ground last week for subway-car plant for Boston
The New York subway system runs on 100-year-old tech.
Photographer: Craig Warga/BloombergThis article is for subscribers only.
New York’s aging subway system is an irresistible draw for Yu Weiping, vice president of CRRC Corp., China’s biggest maker of railway equipment, who says he rides it every time he visits.
“I can’t help thinking about when we can replace all these noisy old subway trains,” Yu said in an interview in New York on Thursday. “After leading the world for 100 years, U.S. subway and train systems need upgrading.”