Arrivo, the upstart high-speed mass transit technology developer launched by a former co-founder of Hyperloop One, has inked a massive partnership with a Chinese state-owned infrastructure developer to help finance mobility projects around the world.
It's the first deal to be signed in China and could have massive ramifications for the industry.
China is developing a super high-speed rail system that could reach speeds of up to 1,500 kilometers an hour, a move China is making to compete with Elon Musk's Hyperloop, an expert said.
Researchers at China’s Southwest Jiaotong University recently built a prototype for a “super maglev,” a track that carries a train at incredibly high speed using magnetic levitation (maglev). What makes it so super? According to the researchers it’ll be capable of supporting speeds up to 1000 km/h (600 MPH).
The China Aerospace Science and Industrial Corporation (CASIC), a well-heeled newcomer to the mass transit industry, is betting big on its supersonic T-Flight 'flying train'. If created as proposed, T-Flight will be faster, with more extensive routes.