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) $ 104,169.91 1.07%
ethereum
Ethereum (ETH) $ 3,261.64 1.51%
xrp
XRP (XRP) $ 3.07 1.07%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 235.39 1.93%
bnb
BNB (BNB) $ 679.10 0.16%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.327235 1.30%
cardano
Cardano (ADA) $ 0.953736 0.77%
staked-ether
Lido Staked Ether (STETH) $ 3,256.54 1.37%
tron
TRON (TRX) $ 0.254716 2.83%
chainlink
Chainlink (LINK) $ 24.95 1.78%
avalanche-2
Avalanche (AVAX) $ 34.47 1.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,929.85 0.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,885.59 1.25%
stellar
Stellar (XLM) $ 0.418739 4.19%
sui
Sui (SUI) $ 4.15 0.03%
the-open-network
Toncoin (TON) $ 4.88 1.10%
hedera-hashgraph
Hedera (HBAR) $ 0.311845 0.90%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 0.05%
litecoin
Litecoin (LTC) $ 131.01 1.38%
weth
WETH (WETH) $ 3,261.64 1.51%
polkadot
Polkadot (DOT) $ 6.18 3.95%
leo-token
LEO Token (LEO) $ 9.76 0.04%
hyperliquid
Hyperliquid (HYPE) $ 26.87 2.83%
bitcoin-cash
Bitcoin Cash (BCH) $ 430.11 0.24%
bitget-token
Bitget Token (BGB) $ 6.86 1.62%
uniswap
Uniswap (UNI) $ 11.84 1.91%
usds
USDS (USDS) $ 1.00 0.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,452.45 1.43%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 4.62 1.36%
pepe
Pepe (PEPE) $ 0.000013 1.34%
mantra-dao
MANTRA (OM) $ 5.52 16.34%
official-trump
Official Trump (TRUMP) $ 25.70 6.18%
ondo-finance
Ondo (ONDO) $ 1.53 3.79%
aave
Aave (AAVE) $ 316.80 2.71%
aptos
Aptos (APT) $ 7.86 3.19%
internet-computer
Internet Computer (ICP) $ 9.15 1.19%
monero
Monero (XMR) $ 237.24 1.63%
whitebit
WhiteBIT Coin (WBT) $ 28.39 0.60%
mantle
Mantle (MNT) $ 1.19 3.71%
ethereum-classic
Ethereum Classic (ETC) $ 26.13 0.46%
vechain
VeChain (VET) $ 0.046651 2.40%
bittensor
Bittensor (TAO) $ 451.97 3.08%
crypto-com-chain
Cronos (CRO) $ 0.130027 0.97%
dai
Dai (DAI) $ 0.999754 0.06%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.410967 0.83%
kaspa
Kaspa (KAS) $ 0.130571 1.82%
okb
OKB (OKB) $ 55.17 0.88%