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Geely, China aerospace firm agree with work on supersonic trains

BEIJING (Reuters) – Chinese automaker Zhejiang Geely Holding Group [GEELY.UL] said on Tuesday it signed a legal contract with China Aerospace Science and Industry Corp (CASIC) [SASAAI.UL] to jointly develop “supersonic” trains near your vicinity.

The strategic framework agreement aims to mix two technologies C magnetic levitation to get rid of ground friction, and vacuum tubes to scale back air resistance C to accomplish a “hypersonic” mode of transportation, Geely said in a statement.

China runs the world’s longest high-speed rail line which is looking to build its own supersonic transport network.

State-owned CASIC, amongst China’s major space contractors, has said it is actually implementing a process that will shuttle trains at a maximum speed of one,000 kph (620 mph) and studying technologies which may go as fast at 4,000 kph down the road.

Hangzhou-based Geely and CASIC will “pool their capabilities”, the statement said, nonetheless it failed to give exactly their purchase of the joint effort or perhaps timeframe.

“Technologies developed in the realization of supersonic trains can help Geely Holding advance the fields of recent energy vehicles, automotive safety, and new material science,” the statement said.

The agreement was signed in an aerospace industry show inside southern Chinese town of Zhuhai.

Geely Holding is among one of China’s five biggest automakers. It holds an essential stake in Germany’s Daimler (DAIGn.DE) and owns Sweden’s Volvo Cars, and also company that produces London’s black cabs.

(Reporting by Norihiko Shirouzu in Beijing; Editing by Darren Schuettler)

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