Predecessors The parent company of the predecessors and current direct parent entity of
Zhuzhou CRRC Times Electric, Zhuzhou Electric Locomotive Research Institute, was found in 1959 by the
Ministry of Railways (now known as , formerly CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd.,
abb. CRRC ZELRI; subsidiary of listed company
CRRC). In 2002, Zhuzhou Electric Locomotive Research Institute was 51% owned by
CSR Group and
CNR Group, the duopoly of the Chinese market. The ratio was set immediately after the controls of the duopoly were transferred from the Ministry of Railways to
State-owned Assets Supervision and Administration Commission (SASAC). Both SASAC and the ministry were entities of the
State Council of the People's Republic of China. The institute had founded Zhuzhou Times Electronic Technology Co., Ltd. (, "Times Electronic" for short) on 28 December 1992, which became a subsidiary of Zhuzhou CSR Times Electric in 2005, for 90%
share capital. Another subsidiary of the institute, "Zhuzhou Electric Locomotive Research Institute,
Ningbo Branch", was found on 4 February 1992. The Ningbo Branch became a wholly owned subsidiary of Zhuzhou CSR Times Electric also in 2005.
Zhuzhou CRRC Times Electric On 26 September 2005
Zhuzhou CSR Times Electric Co., Ltd. was incorporated as "company limited by shares" (; function similar to
public limited company), CSR Group injected Times Electronic, CSR Zhuzhou Institute Ningbo Branch and other assets into the company as share capital. On 20 June 2006 the Ningbo company was re-incorporated as a limited company as Ningbo CSR Times Sensor Technology Co., Ltd. (, now known as Ningbo CRRC Times Transducer Technology Co., Ltd., previously incorporated under the
Law on Industrial Enterprises Owned by the Whole People in 1992) In December 2006, Zhuzhou CSR Times Electric was listed on the
Hong Kong Stock Exchange, a year before the listing of the intermediate parent company
CSR Corp., Ltd. Followed by the merger of ultimate parent company CSR Group with CNR Group to form
CRRC Group (as well as their listed subsidiaries CSR Corp. Ltd. and
China CNR Corp., Ltd. to form
CRRC Corp., Ltd.) in 2015, Zhuzhou CSR Times Electric was renamed to
Zhuzhou CRRC Times Electric on 10 March 2016. The company remained as a separate listed company without privatization nor merger by share swap. ==Joint venture==