Economic news

Siemens investing $60 million on high-speed train plant in upstate New York

2024.09.12 10:26

ZURICH (Reuters) -Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday.

Around 300 jobs will be created at the 300,000 square feet facility in Horseheads, upstate New York, which Siemens said was the first high speed rail production site in the United States.

French train maker Alstom (EPA:) said it already had a high speed train factory in New York state, making the 186 miles per hour (299 kilometres per hour) Avelia Liberty train.

The Siemens site, which is due to enter production in 2026, will build 220 mph American Pioneer 220 trains, which will run on the Las Vegas to Southern California line operated by Brightline West.

The 218-mile project is expected to have speeds of at least 186 mph, resulting in a proposed trip time of 2 hours and 10 minutes.

© Reuters. FILE PHOTO: The logo of Siemens is pictured at Global Industrie exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier/File Photo

The Las Vegas to Los Angeles line aims to be completed before the 2028 Los Angeles Olympics.

“This new facility in Horseheads, New York, marks the beginning of a brand-new industry in the USA – bringing both high-speed rail production and some of the world’s most modern trains to the continent for the first time,” said Michael Peters, CEO of Siemens Mobility.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,962.51 0.95%
ethereum
Ethereum (ETH) $ 3,442.71 1.34%
tether
Tether (USDT) $ 1.00 0.31%
solana
Solana (SOL) $ 256.47 1.02%
bnb
BNB (BNB) $ 674.80 1.01%
xrp
XRP (XRP) $ 1.51 5.52%
dogecoin
Dogecoin (DOGE) $ 0.433956 1.53%
usd-coin
USDC (USDC) $ 1.00 0.29%
cardano
Cardano (ADA) $ 1.07 2.09%
staked-ether
Lido Staked Ether (STETH) $ 3,446.65 1.59%
avalanche-2
Avalanche (AVAX) $ 47.12 13.55%
tron
TRON (TRX) $ 0.211697 1.44%
stellar
Stellar (XLM) $ 0.53672 5.20%
the-open-network
Toncoin (TON) $ 6.21 0.45%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 0.84%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,062.54 0.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,668.44 0.67%
polkadot
Polkadot (DOT) $ 9.14 3.52%
chainlink
Chainlink (LINK) $ 18.65 7.54%
bitcoin-cash
Bitcoin Cash (BCH) $ 527.81 4.29%
weth
WETH (WETH) $ 3,435.97 0.99%
sui
Sui (SUI) $ 3.47 1.11%
pepe
Pepe (PEPE) $ 0.00002 0.35%
near
NEAR Protocol (NEAR) $ 6.92 6.39%
leo-token
LEO Token (LEO) $ 8.18 5.90%
litecoin
Litecoin (LTC) $ 98.71 0.53%
uniswap
Uniswap (UNI) $ 11.71 7.30%
aptos
Aptos (APT) $ 12.75 1.72%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,620.31 1.01%
internet-computer
Internet Computer (ICP) $ 12.34 7.85%
hedera-hashgraph
Hedera (HBAR) $ 0.146489 1.83%
usds
USDS (USDS) $ 1.00 0.36%
crypto-com-chain
Cronos (CRO) $ 0.190509 2.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.577028 1.84%
ethereum-classic
Ethereum Classic (ETC) $ 29.65 1.03%
render-token
Render (RENDER) $ 8.15 3.63%
bittensor
Bittensor (TAO) $ 539.21 2.43%
kaspa
Kaspa (KAS) $ 0.157064 3.43%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.52 0.72%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.22%
arbitrum
Arbitrum (ARB) $ 0.878542 2.03%
bonk
Bonk (BONK) $ 0.000048 3.68%
whitebit
WhiteBIT Coin (WBT) $ 24.52 0.76%
vechain
VeChain (VET) $ 0.043543 0.91%
dai
Dai (DAI) $ 1.00 0.26%
celestia
Celestia (TIA) $ 8.11 13.35%
filecoin
Filecoin (FIL) $ 5.74 0.50%
cosmos
Cosmos Hub (ATOM) $ 8.78 1.19%
okb
OKB (OKB) $ 56.06 0.14%
blockstack
Stacks (STX) $ 2.24 7.32%