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CRRC Launches Two Innovative Green Intelligent Trains at InnoTrans 2024

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Revolutionizing Rail Transit with Zero-Emission, Ultra-Long Range, and Autonomous Driving Solutions

BERLIN, Sept. 24, 2024 /PRNewswire/ — CRRC Corporation Limited (“CRRC”, SHA: 601766) unveiled two groundbreaking products at InnoTrans 2024 in Berlin, Germany: the CINOVA H2 New Energy Intelligent Intercity Train (“CINOVA H2”) and the Autonomous Rail Rapid Transit (ART) 2.0, showcasing its commitment to pioneering eco-friendly and smart transportation solutions.

 

CINOVA H2 New Energy Intelligent Intercity Train: A Marathoner in Zero-Carbon Mobility

CINOVA H₂, the latest green zero-carbon passenger intercity train from CRRC, boasts world-class technical specifications in terms of speed, passenger capacity, and range. Technical expert Liang Caiguo from CRRC explains that the train is powered by hydrogen, which generates electricity through a chemical reaction with oxygen, producing only water as a byproduct, ensuring zero carbon emissions throughout operation. With an estimated annual operation of 300,000 kilometers, each train can cut down carbon dioxide emissions by about 730 tons annually.

“Its design emphasizes a green and sustainable approach,” said Liang Caiguo. “The water emitted from the hydrogen fuel cell reaction is purified and recycled to meet passenger water needs. Additionally, the waste heat from cooling the hydrogen fuel cell is repurposed for heating the air conditioning system during winter.”

CINOVA H₂ can reach a top speed of 200 kilometers per hour, with a four-car formation carrying over 1,000 passengers. It has a continuous running range of 1,200 kilometers at 160 km/h, exceeding the distance from Berlin to London, consuming less than 0.3 grams of hydrogen per passenger per kilometer.

Utilizing the CRRC’s SmartCare intelligent operation and maintenance (O&M) system, CINOVA H₂ integrates the data from vehicle and ground, offering users comprehensive lifecycle intelligent operation & maintenance services that enhance operational safety and reduce maintenance costs. The hydrogen system has undergone rigorous safety verification under all scenarios and conditions, featuring multiple safety protection systems, such as intelligent detection and isolation protection to ensure safety.

CINOVA H₂ is versatile and can be used on non-electrified railways worldwide, replacing traditional internal combustion engine powered vehicle, effectively reducing carbon dioxide and air pollutant emissions, and promoting green upgrades in the railway industry.

ART 2.0: Harmonious Fusion of Eco-Innovation and Oriental Elegance

The ART 2.0, presented in a “Green Peacock” livery, features vibrant emerald and golden motifs, symbolizing prosperity and hope. ” It combines green technology with oriental aesthetics, providing both a stunning visual experience and top-tier performance,” noted Dr. Xiao Lei, an engineer from CRRC. Designed for medium-to-low passenger volumes, the ART blends the benefits of trams and road-based vehicles, adapting to the needs of urban transportation.

The ART employs rubber wheels and virtual tracks, eliminating the need for tracks and catenary, with the groundbreaking design that drastically slashes track construction and maintenance costs.

The ART employs rubber wheels and virtual tracks, eliminating the need for tracks and catenary with the groundbreaking design that drastically slashes track construction and maintenance costs.

“The ART 2.0 embraces versatility in power sources, accommodating fast-charging lithium batteries, supercapacitors, hydrogen energy, and overhead catenary systems, tailored to diverse operational needs,” emphasized Dr. Xiao Lei. The hydrogen-fueled ART 2.0 boasts a maximum driving range of 500 kilometers. Its rapid charging capability is also impressive, adding 20 kilometers of range in just 5 minutes.”

ART 2.0 showcases unparalleled intelligence and safety, pioneering fully autonomous driving capabilities. Its core system reaches the highest functional safety level, SIL4, assuring passengers of a safe and reliable journey.

Data from CRRC reveals that China has built nine ART lines, collectively traversing over 15 million kilometers, accommodating more than 35 million passengers, and slashing carbon emissions by over 24,500 tons. Furthermore, ART systems have been deployed in the United Arab Emirates and Malaysia.

“We are committed to empowering the world with a myriad of rail transit system solutions, driven by sustainable technological innovation,” remarked Ma Yunshuang, President of CRRC Corporation. “Our vision is to foster a global ecosystem where CRRC solutions are universally embraced.”

Looking ahead, CRRC is committed to advancing global sustainable development by driving the digital, intelligent, and environmentally responsible transformation of rail transit equipment. The company aims to deliver more intelligent, convenient and comfortable transportation options, enhancing the travel experience for passengers worldwide.

 

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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