Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as CRRC Times Electric) is a joint-stock company under CRRC. Its predecessor and parent company, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., was founded in 1959. CRRC Times Electric took root in Zhuzhou, took two steel rails, and went out of two steel rails. It was successfully listed on the Hong Kong Stock Exchange in 2006 and won the second China Quality Award in 2015. In 2018, its operating income exceeded 15 billion yuan.