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Zhuzhou CRRC Times Electric

Zhuzhou CRRC Times Electric
Formerly called
 Zhuzhou CSR Times Electric
public
Traded as
  • : 03898 (H share)
  • unlisted (A share)
Industry Railway equipment manufacturing
Predecessor
  • Zhuzhou Times Electronic
  • Ningbo Times Transducer
Founded
  • 1992 (predecessors)
  • 26 September 2005; 11 years ago (2005-09-26)
Founder Zhuzhou Electric Locomotive Research Institute
Headquarters Zhuzhou, China
Area served
 China
Key people
 Ding Rongjun (chairman)
Owner
CRRC (51.81%)
Schroders (05.13%)
Bank of America (04.59%)
Fidelity International (02.80%)
GIC Private Limited (02.39%)
CRCCE (00.83%)
Sinomach Capital (00.80%)
general public (31.65%)
Parent
Zhuzhou Institute (direct)
CRRC (intermediate)
CRRC Group (intermediate)
the SASAC (intermediate)
the State Council (ultimate)
Subsidiaries
  • Zhuzhou Times Electronic
  • Ningbo Times Transducer
Website www.tec.crrczic.cc/
Zhuzhou CRRC Times Electric Co., Ltd.
Simplified Chinese 株洲中车时代电气股份有限公司
Traditional Chinese 株洲中車時代電氣股份有限公司
Hanyu Pinyin Zhūzhōu Zhōngchē Shídài Diànqì Gǔfèn yǒuxiàn gōngsī
CRRC Times Electric
Simplified Chinese 中车时代电气
Traditional Chinese 中車時代電氣
Hanyu Pinyin Zhōngchē Shídài Diànqì

Zhuzhou CRRC Times Electric Co., Ltd., is a Chinese train manufacturer. It is headquartered in Zhuzhou, Hunan Province. The company is a prominent maker of traction systems for locomotives and for electric multiple units (“EMU”) and urban transit train applications, which generates about 70 percent of the company's total sales.

Despite both CRRC Times Electric and intermediate parent company CRRC were listed companies, the ultimate largest shareholder was the Central Government of China, via SASAC and CRRC Group.

Since 5 September 2016 CRRC Times Electric is a constituent of Hang Seng China Enterprises Index.

The parent company of the predecessors and current direct parent entity of Zhuzhou CRRC Times Electric, Zhuzhou Electric Locomotive Research Institute, was found in 1959 by the Ministry of Railways. (now known as CRRC Zhuzhou Institute Co., Ltd. (), formerly CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd., abb. CRRC ZELRI; subsidiary of listed company CRRC).

In 2002, Zhuzhou Electric Locomotive Research Institute was 51% owned by CSR Group and CNR Group, immediately after the controls of the duopoly were transferred from the Ministry of Railways to State-owned Assets Supervision and Administration Commission (SASAC), both were entities of the State Council of the People's Republic of China.

The institute had founded Zhuzhou Times Electronic Technology Co., Ltd. (Chinese: 株洲时代电子技术有限公司, "Times Electronic" for short) on 28 December 1992, which became a subsidiary of Zhuzhou CSR Times Electric in 2005, for 90% share capital. Another subsidiary of the institute, "Zhuzhou Electric Locomotive Research Institute, Ningbo Branch", was found on 4 February 1992. The Ningbo Branch became a wholly owned subsidiary of Zhuzhou CSR Times Electric also in 2005.


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