China Company CRRC and American Maxwell Work to Develop New Technologies: The American firm Maxwell Technologies and China Qingdao Sifang, a subsidiary of the Chinese CRRC, signed a new agreement last week. Companies that will exhibit a joint work on energy recycling and storage on Chinese railways will try to develop new technologies.
Maxwell is currently working on energy conversion systems such as start-stop technology cars and hybrid technology buses in the United States. Now, it has also partnered with the Chinese company for new systems and technologies for use in light rail systems and subways in China.
CEO of Maxwell Franz Fink said in a statement that the new technologies they will develop and develop will provide a great efficiency and profit for the Chinese railways. In addition, with the end of the project planned to be reduced to the carbon emission of vehicles compared to the old said.