Hyundai Rotem, a South Korean company, is expanding its efforts to secure railway vehicle orders through the export of its K2 tank. In the first half of this year, Hyundai Rotem received a record-breaking 3 trillion won worth of orders, including an order for railway trains for Australia. In Korea, the company will make its first delivery of 320 kph power-distributed high-speed railway cars by the end of this year. It is particularly noteworthy that Hyundai Rotem may export its first high-speed rail to developing countries like Poland, 15 years after localizing KTX high-speed trains.
According to industry sources, Hyundai Rotem received orders worth more than 3 trillion won for railway solutions in the first half of this year, including a 1 trillion won order for railway cars from Australia. As of the first half of the year, the company's order backlog in the railroad sector was close to 10 trillion won. Hyundai Rotem's railway sector includes manufacturing, supplying, and maintaining railway cars, high-speed trains, light railway trains, and trams. In June, the company won a railway car supply project from the Queensland state government in Australia, worth 1.2164 trillion won, which is the largest ever for a single project. The vehicles will be delivered by 2026.
Hyundai Rotem has a history of exporting rail cars to 38 countries, including India and Brazil, and last year it won rail car projects in Egypt and Taiwan. With the commercialization of a power-distributed high-speed train next year, Hyundai Rotem will possess both power-distributed technology and power-concentrated technology for KTX Sancheon trains. Currently, the global high-speed railway market is dominated by manufacturers such as Alstom, Siemens, CRRC, and Bombardier. Hyundai Rotem's high-speed railway export targets include Saudi Arabia, Poland, Ukraine, and developing countries in Asia. Poland, in particular, has been a partner for Hyundai Rotem in the railway and defense sectors, with the company supplying trams and K2 tanks to the country.