Chinese train maker faces EU’s first foreign subsidy probe
22 February 2024
The European Union (EU) has started investigating a unit of Chinese state-owned train maker CRRC Corporation over alleged unfair foreign subsidies.
This is the first investigation under the bloc’s new foreign subsidy rules, which came into effect in July 2023. The rules allow distortions caused by foreign subsidies to be addressed, enabling the EU to ensure a level playing field for all companies operating in the internal market while remaining open to trade and investment.
The investigation relates to a public procurement procedure by Bulgaria’s Ministry of Transport and Communications, seeking the provision of electric trains, maintenance and training, the European Commission said in a recent statement.
The probe follows a notification by CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC.
A preliminary review found “sufficient indications that this company has been granted a foreign subsidy that distorts the internal market,” the commission stated.
The European Commission has until July 2 to make a final decision.
The Bulgarian Ministry of Transport and Communication public procurement tender is for 20 electric “push-pull” trains and their maintenance over 15 years. The estimated value of the contract is around €610 million.
CRRC is the world’s largest rolling stock manufacturer in terms of revenue.
Related
-
Brazil solar curtailment hits 20% as renewables strain grid infrastructure
13 September 2025
-
Italy launches 1.6 GW solar auction
7 September 2025
-
HiTHIUM signed supply agreement for 3GWh BESS project across Europe
6 September 2025
-
Five teams in race to build Poland’s new airport
2 September 2025
-
Romania considers launching new wind auctions
30 August 2025
-
First feed-in tariff auction in Federation of BiH draws strong interest
30 August 2025