Latest news with #Thyssenkrupp
Sustainability Times
4 days ago
- Automotive
- Sustainability Times
'They're Not Supposed to Be This Fast': China's Maglev Shockingly Nears Japan's Bullet Train Speeds in High-Stakes Tech Showdown
IN A NUTSHELL 🚄 China's maglev train aims to match Japan's L0 Series, reaching speeds up to 373 mph, enhancing urban connectivity. aims to match Japan's L0 Series, reaching speeds up to 373 mph, enhancing urban connectivity. 🤝 The project involves significant technological collaboration with Germany's Thyssenkrupp, utilizing advanced Transrapid technology. with Germany's Thyssenkrupp, utilizing advanced Transrapid technology. 💼 Despite its potential, the commercial viability of maglev technology faces challenges due to high costs and weak market demand. of maglev technology faces challenges due to high costs and weak market demand. 🌍 China's advancements in high-speed rail could influence global transportation trends and foster international collaboration. China's advancement in magnetic levitation (maglev) train technology marks a significant step in the global high-speed rail race. Recently, China showcased a maglev train capable of reaching speeds up to 373 mph, rivaling Japan's L0 Series, which holds the record at 375 mph. The new Chinese maglev is set to revolutionize travel between major cities like Beijing and Shanghai, significantly reducing travel time. This innovation reflects China's ambition to lead in high-speed rail technology, posing a strong challenge to its competitors. The Race for Speed: China vs. Japan China's recent unveiling of its new maglev train underscores its determination to catch up with Japan in the high-speed rail sector. Japan's L0 Series, running commercially at 311 mph, has long been the benchmark for high-speed trains. However, China's maglev train, developed by the China Railway Rolling Stock Corporation (CRRC), aims to close this gap. Capable of traveling up to 373 mph, this train promises to enhance connectivity between major Chinese cities like Beijing and Shanghai, offering a travel time of approximately 2.5 to 3 hours compared to the current four-hour journey. This innovation not only challenges Japan's technological superiority but also highlights China's commitment to advancing its infrastructure. The development of the maglev train is part of a broader strategy to expand China's high-speed rail network, which already boasts the world's longest high-speed railway line. With such advancements, China is set to redefine the future of rail travel, competing fiercely in the global arena. 'China Builds Largest Military Hub on Earth': Satellite Images Expose 1,000-Acre Mega-Complex With Global Strategic Implications Technological Collaboration: The German Connection The development of China's maglev train is not an isolated endeavor. It involves significant technological collaboration, particularly with Germany. The CRRC's project reportedly utilizes Transrapid technology under license from the German firm Thyssenkrupp. This collaboration began in 2016 when CRRC announced its ambition to develop a maglev train with a top speed of 373 mph. Subsequently, a memorandum of understanding was signed in 2018 for technology cooperation in smart mobility and magnetic technology. This partnership underscores the importance of international collaboration in advancing transportation technology. The involvement of Thyssenkrupp not only brings cutting-edge magnetic technology to China but also facilitates the transfer of expertise and innovation. Such collaborations are crucial for pushing the boundaries of what is possible in rail transportation, enabling China to achieve its ambitious goals in high-speed rail development. 'We're About to Rewrite Physics': China's Fusion Reactor Targets 5× Energy Gain in Historic Leap Before End of 2027 Understanding Commercial Value and Challenges While the technological achievements of China's maglev train are impressive, the commercial viability of such projects remains a critical concern. According to China Youth Net, high-speed maglev lines are ideally suited for routes between large urban clusters with significant passenger traffic. However, the high cost of building and operating these lines means that ticket prices may be significantly higher than current high-speed rail options. Moreover, the limited passenger flow between cities like Beijing, Shanghai, and Guangzhou may not justify the investment in maglev technology. Analysts suggest that weak market demand, rather than technological limitations, poses the greatest challenge to the widespread adoption of maglev trains in China. The financial sustainability of China's high-speed railway network, which reportedly incurred substantial losses in recent years, further complicates the commercial prospects of maglev technology. 'China Shatters Global Energy Records': Historic Surge in Solar and Wind Power Redefines the Future of Clean Electricity Future Prospects and Global Implications Despite the challenges, the future of China's maglev train holds significant promise. The project reflects a broader trend towards innovation and modernization in China's transportation infrastructure. As the country continues to invest in cutting-edge technology, the potential benefits extend beyond domestic borders. By setting new standards in high-speed rail travel, China's advancements could influence global transportation trends and foster further international collaboration. However, the path to commercial success is fraught with challenges, including market demand, financial viability, and technological refinement. As China navigates these obstacles, it remains to be seen how the maglev train will integrate into the existing transportation ecosystem and what impact it will have on the global stage. What innovations will drive the next phase of high-speed rail development, and how will China position itself in this rapidly evolving landscape? This article is based on verified sources and supported by editorial technologies. Did you like it? 4.6/5 (29)
AllAfrica
7 days ago
- Automotive
- AllAfrica
China accelerates its maglev train to catch up with Japan
China previewed its new magnetic levitation (maglev) train, boasting a maximum speed of 600 kilometers per hour (373 miles per hour), in a recent event after completing the first phase of its engineering design. If successfully built and operated, this bullet train can catch up with Japan's fastest maglev train: the L0 Series, which achieved a record speed of 603 km per hour (375 mph) during a test run in April 2015. The L0 Series trains run at a maximum speed of 500 km per hour (311 mph) in commercial service, offering a journey time of 1 hour 7 minutes between Tokyo and Osaka. China's new maglev train, developed by China Railway Rolling Stock Corporation (CRRC), was displayed at the 17th Modern Railways exhibition in Beijing from July 8 to 10. China State Railway Group and the International Union of Railways (UIC) also co-hosted the 12th World Congress on High-Speed Rail at the same venue. The vehicle can travel between Beijing and Shanghai in 2.5 to three hours, compared with the four-hour journey achieved by the current high-speed train. In China, the Shanghai Maglev is currently the fastest train in commercial operation, reaching 430 km per hour (267 mph) between Shanghai Pudong Airport and Longyang Road station. It used technology developed by Transrapid International, a joint venture between Siemens and Thyssenkrupp in Germany. 'The new superconducting maglev train will be used to supplement the existing network to implement point-to-point transportation,' said Shao Nan, a senior engineer at CRRC Changchun Railway Vehicles. 'It can fill the speed gap between high-speed rail and aviation within 2,000 km per hour (1,243 mph).' She said the vehicle will move on rubber wheels when its speed is below 150 km per hour and will be lifted by magnetic fields when moving faster than that. Footage from the state-owned China Central Television showed an animation about how the rubber wheels are retracted before the train enters a maglev mode. Shao added that the first phase of the train's engineering was completed in July last year. She said the company will carry out more route and safety tests and engineering viability assessments for the train before deploying the train for commercial use. CRRC Changchun did not announce any roadmap for the train's commercial operation. It also did not disclose any information about how the train was designed and built, or whether any foreign partners were involved. This train likely came from the same project as the CRRC 600, which was developed by CRRC Qingdao Sifang (CRRC Changchun's sister company) using Transrapid technology under license from the German firm Thyssenkrupp. Back in 2016, CRRC announced that it would develop a maglev train with a designed top speed of 600 km per hour. In July 2018, CRRC and Thyssenkrupp signed a memorandum of understanding (MOU) on technology cooperation, targeting applications in the fields of smart mobility, magnetic technology, environmental protection, and renewable energy. In July 2021, Xinhua reported that CRRC Qingdao Sifang, a fully-owned unit of CRRC, 'self-developed' the CRRC 600. The company allowed visitors to experience for themselves inside the train's cabin. In September 2023, it displayed the same train at the 2023 World Manufacturing Convention in Hefei, Anhui province. An academic paper published by a group of Chinese and German mechanical engineers in March 2023 showed a close partnership between CRRC Qingdao Sifang and Thyssenkrupp. In February 2024, the European Commission launched an anti-subsidy probe into CRRC Qingdao Sifang over its bid for a €610 million (US$712 million) Bulgarian public procurement contract to provide electric trains, along with maintenance and staff training. The EC stopped the investigation after CRRC Qingdao Sifang withdrew its bid. Now, the CRRC Changchun has become the project manager of CRRC's new maglev train. An article published by China Youth Net, a unit of the Communist Youth League of China, said that, from the perspective of commercial value or future applications, high-speed maglev lines are more suitable for use between some large urban clusters with high-end passenger traffic. It added that, from the energy consumption perspective, the longer the distance the more obvious the comprehensive benefits and advantages. 'If high-speed maglev lines only serve Beijing, Shanghai, and Guangzhou, the passenger flow will be far from enough,' the article said. 'Besides, ticket prices for these maglev trains will have to be higher than those of the existing high-speed railways in the future.' Citing industry experts, the article said it will take a long time before CRRC's new maglev train can begin commercial operations. Some analysts have pointed out that weak market demand, rather than maglev technology, is the main obstacle for China to accelerate its high-speed train. In February this year, a group of Chinese commentators said a report by the National Audit Office (NAO) had found that China's high-speed railway saw an 'about 100 billion yuan of total loss' in the nine months ending December 31, 2024. A article also said China's high-speed railway network was 45,000 kilometers at the end of 2023, but only 2,300 kilometers, or 6% of the total, could make a profit. Read: China's fast-growing high-speed railway network faces reality
Time of India
14-07-2025
- Business
- Time of India
Thyssenkrupp Steel Restructuring: Thyssenkrupp steel, workers agree deep cuts in major overhaul, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHRWorld industry right on your smartphone! Download the ETHRWorld App and get the Realtime updates and Save your favourite articles. By Christoph SteitzFRANKFURT: Thyssenkrupp and trade union IG Metall on Saturday said they had agreed on reduced working hours, lower bonus payments and site closures as part of a push to revamp Germany's largest steelmaker and prepare it for a standalone accord with steel workers marks a major step in Thyssenkrupp's restructuring, under which the former German industrial icon is planning to turn into a holding company, and comes after renewed tension between management and labour of the new collective bargaining agreement, which runs until September 30, 2030, must be approved by IG Metall members at Thyssenkrupp's steel unit TKSE and is pending an agreement on the division's future financing, they package, agreed after several days of non-stop negotiations, will result in annual savings of more than 100 million euros ($117 million), a person familiar with the matter Schulte, TKSE's board member in charge of human resources, told journalists on Saturday that the comprehensive deal was "the biggest ever" in the group's agreement follows Thyssenkrupp's announcement that up to 11,000 jobs at TKSE, or around 40%, had to be cut or outsourced and that annual production capacity would be lowered to 8.7-9.0 million tons from 11.5 million tons."We went to the pain threshold and only made concessions where it was really necessary in order to secure jobs and locations," said Tekin Nasikkol, head of Thyssenkrupp's works council and member of the group's supervisory board."We have now created the conditions for the company to emerge from the difficult situation out of its own strength," Nasikkol said in a had wanted to reach a deal regarding the restructuring by summer and both sides aim to finalise the current agreement by the end of a wage deal has been seen as a key hurdle to be cleared before Thyssenkrupp can sell an additional 30% stake in TKSE to Czech billionaire Daniel Kretinsky, as planned. The investor already owns a 20% stake via a holding company. ($1 = 0.8555 euros) (Reporting by Christoph Steitz; Editing by Sharon Singleton and Tomasz Janowski)
Bloomberg
12-07-2025
- Business
- Bloomberg
Thyssenkrupp Steel, Labor Union Reach Agreement on Job Cuts
Thyssenkrupp Steel Europe AG and IG Metall reached a restructuring agreement that will allow planned job cuts to proceed without forced layoffs through 2030, according to an emailed statement from the metalworkers' union on Saturday. The deal secures long-term investments, limits outsourcing and gives labor representatives a say in efficiency measures, marking a key step in the company's turnaround effort, the IG Metall union said.
Time of India
12-07-2025
- Business
- Time of India
Thyssenkrupp steel, workers agree on site closures, less working hours in revamp, ET Infra
Advt Thyssenkrupp and trade union IG Metall on Saturday said they had agreed on reduced working hours, lower bonus payments and site closures as part of a push to revamp Germany's largest accord with steel workers marks a major step in Thyssenkrupp's restructuring, under which the former German industrial icon is planning to turn into a holding company, and comes after renewed tension between management and labour of the new collective bargaining agreement , which runs until September 30, 2030, must be approved by IG Metall members at Thyssenkrupp's steel unit TKSE and is pending an agreement on the division's future financing, they agreement follows Thyssenkrupp's announcement that up to 11,000 jobs at the steel unit, TKSE, had to be cut or outsourced and that annual production capacity would be lowered to 8.7-9.0 million tons from 11.5 million tons."We went to the pain threshold and only made concessions where it was really necessary in order to secure jobs and locations," said Tekin Nasikkol, head of Thyssenkrupp's works council and member of the group's supervisory board."We have now created the conditions for the company to emerge from the difficult situation out of its own strength," Nasikkol said in a had wanted to reach a deal regarding the restructuring by summer and both sides aim to finalise the current agreement by the end of a wage deal has been seen as a key hurdle to be cleared before Thyssenkrupp can sell an additional 30 per cent stake in TKSE to Czech billionaire Daniel Kretinsky , as planned. The investor already owns a 20 per cent stake via a holding company.
