Hyundai Rotem announced on June 4 that the company landed an order for 520 carriages of electric trains valued at 908.9 billion won from the Taiwan Railway Administration (TRA).
This is the largest-ever train carriage order from the Taiwanese market. Hyundai Rotem's electric carriages will be deployed throughout Taiwan. All of the 520 carriages will be produced at Changwon Factory and delivered by 2024.
The order allowed Hyundai Rotem to enter the Taiwanese railway market again in 19 years since winning an order for 56 carriages from the TRA in 1999.
Taiwan is a market with great growth potential with the announcement of its plan to invest about 35 trillion won over the next eight years to modernize its old railway infrastructure. This project is garnering attention as the first project of this investment plan.
Hyundai Rotem has struggled in winning an order from Taiwan as the market has strongly trusted European companies such as those of France and Italy and Japanese companies. However, Hyundai Rotem secured a springboard for a second take-off by winning the large-scale project by proposing a high-quality model through a thorough field survey.
Hyundai Rotem's electric trains ordered by the TRA this time have the average speed of 130km/h. The Train Control and Monitoring System (TCMS), a comprehensive train management system developed by Hyundai Rotem, was loaded into the electric trains so they can analyze high-efficiency operation patterns and prune energy consumption during operations. The electric trains are also able to automatically analyze their conditions and failure information at vehicle bases, saving the TRA maintenance cost.