[China Railway and State Power Investment Corporation signed a contract]On June 29, 2022, China Railway and State Power Investment Corporation signed a strategic cooperation agreement and a memorandum on the launch of a strategic cooperation pilot project in Beijing. Chen Yun, Secretary of the Party Committee and Chairman of China Railway Group, and Qian Zhimin, Secretary of the Party Group and Chairman of SPIC attended the signing ceremony. Liu Baolong, member of the Standing Committee and Vice President of the China Railway Party Committee, signed a strategic cooperation agreement with Chen Xi, a member of the State Power Investment Party Group and Chief Accountant, on behalf of the two parties. Signed the Memorandum of Understanding on the Launch of the Strategic Cooperation Pilot Project on behalf of both parties. Editor / Zhao E
The electrification renovation of the Golmud Lhasa section of the Qinghai Tibet Railway will start in November 2026 and is expected to be put into operation in 2029. At that time, the Fuxing Express will directly reach Lhasa, and the travel time from Xining to Lhasa will be reduced to about 14 hours. The external power engineering supporting the project will start construction first, ending the internal combustion traction mode that has been used for 20 years and achieving the localization of power equipment for high-altitude railways. Editor/Min Jing
In the first half of 2026, the amount of electric motorcycles and tricycles imported from China to Africa reached 114.6 million US dollars, a year-on-year increase of 60%, with Morocco, Egypt, and Algeria being the main importers. China's two wheeled electric vehicles going global are upgrading from whole vehicle exports to an ecological output of supply chain, battery swapping network, and local assembly. Spiro has raised $270 million in financing, and Yadea and Tailing are accelerating the layout of battery swapping and localization. Editor/Min Jing