train operated in
Argentina for
Trenes Argentinos. car on
Line A in a Buenos Aires Underground 200 Series In 2008 China CNR was incorporated as the subsidiary of
CNR Group (China Northern Locomotive & Rolling Stock Industry (Group) Corporation).
China Chengtong Holdings Group and
China Huarong Asset Management were minority shareholders. In the same year
CNR Dalian's
CKD7C were exported to the Republic of Congo. The company made an
IPO of $2bn in 2009 on the Shanghai stock exchange. From the early 21st century onwards the group began a strategic diversification into
wind turbine manufacture - its first major new facility was a 500 turbine per year capacity factory in
Songyuan, (built 2009–11), established through
CNR Wind Power Co. The company expects to invest ~35 billion Yuan in CNR Wind Power to establish a full scale wind power industry. In 2013, the company began providing
underground cars for Line A of the
Buenos Aires Underground in Argentina, with the 150 cars to make up the entirety of
the line. That same year, the company delivered 20 locomotives and 220 coaches to the country for
Trenes Argentinos' long distance broad gauge rolling stock. CNR company began delivering 81
Diesel Multiple Units in 2015 for the
Belgrano Sur Line in Buenos Aires, operated by
Trenes Argentinos. In October 2014, CNR made a major breakthrough into the North American market by winning a $567 million contract to supply 284 metro cars for the
Massachusetts Bay Transportation Authority's
Orange (Type B car) and
Red (Type A car) lines, with an option for 58 more. CNR plans to dedicate two manufacturing lines at a Chinese facility and build a 150,000 square-foot facility in
Springfield, Massachusetts for final assembly of the vehicles. At the end of 2014 CNR and rival
CSR announced their intention to merge, with CSR acquiring CNR shares at a ratio of 1 CNR : 1.1 CSR; the resultant company (value ~$26 billion) was to be named
CRRC. The two companies formally merged on 1 June 2015. ==Manufacturing and research subsidiaries==