Somebody say the Chinese are ahead of us.
I remain invested in Siemens.
Siemens has won a prestigious major order for its high-speed trains in Vietnam in front of the Chinese competition: The Siemens Mobility train division is to build a high-speed network in the Southeast Asian country in cooperation with the local company Vinspeed. This includes the delivery of the Velaro Novo trains as well as parts of the rail network, including control and safety technology, as Siemens Mobility announced. According to Siemens, the Velaro Novo trains will consume around 30 percent less energy than previous high-speed trains. In Germany, Siemens played a key role in the development of Deutsche Bahn's ICE trains, among other things. In the summer, a DB Velaro Novo test train reached a speed of more than 400 km/h, which is unusual in Germany. China has been very active on the Southeast Asian market for some years now, originally also developing its high-speed trains in cooperation with Siemens and other European and Japanese companies.
Source: ntv.de
