CRRC Corp Ltd (CRRC) is a leading rolling stock and clean energy equipment supplier, providing rail transit vehicles, key systems and components, and lifecycle services, while expanding into clean energy and digital intelligence solutions.

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CRRC's R&D was positioned as a core driver of "high-quality development" and its strategic role as China's "strategic technological power." The company invested heavily in technology roadmaps spanning next-generation rail transit equipment, clean energy equipment, and digital-intelligence industrial capabilities. This innovation supported both operational performance and the company's longer-term industrial strategy of building the "Two Tracks and Two Clusters" pattern, while also advancing its "manufacturing + service" and system-solution positioning. CRRC uses a two-level R&D management model described as "centralizing research and development of technology, jointly developing products and building and sharing capability," supporting platform-based development across subsidiaries and product lines. The company also established a Digital Intelligence Division and CRRC Digital Intelligent Technology (Xiong'an) Co., Ltd. as a platform to accelerate smart manufacturing, industrial software, industrial AI, and digital transformation services. The company added 2,707 newly authorized patents, including 1,733 invention patents and 206 overseas patents in FY2024. Also, the company launched 569 new R&D projects during the year. In FY2024, the company incurred expenses of CNY15,034.5 million on R&D, which as a percentage of revenue, stood at 6.1%.