CRRC Corp Ltd (CRRC) is a manufacturer of rolling stock. It develops, manufactures, refurbishes, and sells locomotives, passenger carriages, freight wagons, rapid transit vehicles, and rail components. The company also carries out industrial investment and management, consulting services, asset management, and import and export activities.

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The company owns and operates 18 R&D centers. Through R&D the company involves in computer aid design, virtual grain hopper wagon, virtual diesel engine, virtual traction motor, 3-D virtual forging, computer aid engineering, finite element emulation, drawing emulation, and computer air manufacture. The company’s R&D activities also include rolling stock test stands, test stands for diesel, machine centers, crankshaft machines, welding and cutting, molding lines, and others. In 2022, the company launched new products for rail transportation, such as locomotives, trucks and urban rail vehicles, new products for wind turbines, and 363 research and development projects for key systems and components. These projects strongly support company sustainability and health development. In FY2022, the company spent CNY13.1 billion on R&D.