CSR Group
CSR Group Corporation formerly known as China South Locomotive and Rolling Stock Industry (Group) Corporation (abbreviation: CSRG), was a Chinese locomotive and rolling stock manufacturer. In 2007, the major assets of the group was spin-off and formed CSR Corporation Limited, making the corporation became a holding company only. In 2015 CSR Group was merged with CNR Group to form CRRC Group.[2] HistoryIn 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC) was formed, comprising 35 production sites and 4 research centres.[3] In 2002 LORIC was separated from the Ministry of Railways and China South Locomotive and Rolling Stock Industry (Group) Corporation (CSRG, Chinese: 中国南方机车车辆工业集团公司) was formed.[4] Its main competitor, the China North Locomotive and Rolling Stock Industry (Group) Corporation was formed in the same year.[5][6] In 2002 the group manufactured the 270 km/h (170 mph) China Star high speed EMU at the Zhuzhou Electric Locomotive Works. Since 2003, the group no longer tax-free on property tax and land rent.[7] Between 2004 and 2007 CSR had ~50% of the internal Chinese market for locomotives and ~80% of the market for multiple units (by volume), as well as a ~50% share in locomotive and wagon refurbishment. In the same period overseas sales accounted for ~7-8% of revenue.[8] In 2008 most of the assets were floated as China South Locomotive & Rolling Stock Corp., Ltd. (later known as CSR Corporation Limited), except some auxiliary assets, as well as the shares of South Huiton.[9] In April 2010 the Chinese name of CSR Group was renamed (Chinese: 中国南车集团公司).[10][11] Subsidiaries
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