According to Taiwanese media reports, the high-speed rail company issued a procurement invitation last year and is expected to purchase 12 sets of new trains. Because the key patents are in the hands of Japan, it is difficult for European manufacturers to get involved, and the Japanese manufacturer offers a set of trains at a price of NT$5 billion (price of almost 7 trains of the Fuxing EMU with a speed of 350 kilometers per hour).
5 billion Taiwan dollars is about 1.16 billion yuan. Taiwan’s high-speed trains use 12-cars formations, and the mainland China Fuxing high-speed EMUs mostly use 8-cars formations and 16-cars formations. Compared with the eight formations of Fuxing EMUs in the mainland China, Japan’s offer to Taiwan can buy about 7 trains of the Fuxing EMUs at a speed of 350 kilometers per hour.
If it is converted into a formation of 8 cars, Taiwan’s high-speed EMUs will cost 770 million yuan each. It’s almost equivalent to 5 times the price of Fuxing high speed train.
For reference, the price Siemens sells to foreign customers. At the end of 2017, Siemens won the bid for the Turkish Railways (TCDD) high-speed EMU with a speed of 350 kilometers per hour. The price of each train was 34.9 million euros, which was equivalent to about 320 million yuan that year. This price is twice that of Fuxing.
High-speed train prices are generally higher in the international market. Earlier, the Spanish CAF sold to Turkey a six-row EMU with a speed of 250 kilometers per hour for about 18 million euros. That was in 2006, the euro was about 10.38 against the yuan. One train is about 187 million yuan. It is a 6-cars formation, which is equivalent to 8 car formation, which is about 250 million yuan. Compared with our China’s Fuxing EMU, it is also high price.