Recent deals and tenders in the urban rail transport market.
South Korea: Two eight-car trainsets, also known as KTX-Cheongryong, in the liveries of the South Korean operators Korail and SR, were rolled out late in 2025.
Vietnam: The South Korean manufacturer and the Vietnamese corporation THACO have signed a strategic partnership agreement, which provides for domestic production of locomotives, metro trains and later HSR trains under the local brand name.
South Korea: Rolling stock manufacturer Hyundai Rotem has completed the first high-speed train for Uzbekistan, marking the company’s first-ever export order for high-speed rolling stock.
Uzbekistan: National operator Uzbekistan Temir Yollari has presented its rolling stock renewal strategy for 2026–2030 to President Shavkat Mirziyoyev.
History and current status of the high-speed rolling stock development in the world. The in-depth review by Alexander Polikarpov, Cofounder and Managing partner of ROLLINGSTOCK Agency.
The global trend towards the development of urban public transport is underscored by the debut and entry into service of new tram models in 2024.
South Korea: The manufacturer’s vehicles were showcased in mid-June at the RailLog Korea exhibition in Busan.
USA: Tariffs on imports adopted by the second Trump administration will affect all economic domains, including rolling stock. Though, further development of this domain in the USA today depends above all on the preservation of the extensive government support.
