Sleek, silvery and ready to fly, Shanghai's 430kph magnetic-levitation train began its daily commercial operation yesterdayday, shooting out of its station amid high hopes for better -- and much more expensive -- commuting.
The opening came a year and a day after German Chancellor Gerhard Schroeder visited Shanghai for the maiden voyage of the German-built project.
PHOTO: AP
The first train yesterday pulled out at 8:32am from Longyang Station with 10 passengers aboard for the 7-minute, 20-second whoosh of a journey -- 30 kilometers to Pudong International Airport.
The price of an economy seat is 75 yuan (about US$9), and VIP seats cost 150 yuan (about US$18). Trains will run every 20 minutes daily.
Security guards stood by at the entrance. Passengers were required to go through airport-style security to board. Digital signs monitored the speed for passengers.
Based on German technology, the US$1.2-billion train connects Shanghai to its 3-year-old airport, the city's second.
The system underwent nearly a year of testing since it made an inaugural experimental run on Dec. 31, 2002, carrying Schroeder and former Chinese Premier Zhu Rongji. More than 200,000 people have ridden the train in weekend test runs since then.
German companies spent decades and billions of dollars developing maglev technology, but had searched in vain for a customer until Shanghai leaders picked the system as a way to highlight the city's high-tech ambitions.
Some have criticized it as an expensive prestige project with limited usefulness.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
‘NO DISRUPTION’: A US trade association said that it was ready to work with the US administration to streamline the program’s requirements and achieve shared goals The White House is seeking to renegotiate US CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told reporters. The people, along with a third source, said that the new US administration is reviewing the projects awarded under the 2022 law, meant to boost US domestic semiconductor output with US$39 billion in subsidies. Washington plans to renegotiate some of the deals after assessing and changing current requirements, the sources said. The extent of the possible changes and how they would affect agreements already finalized was not immediately clear. It was not known
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the