Engineers claim that China’s latest maglev train can go at 370 mph.

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According to several press reports, China showcased a new maglev train that can move up to 373 mph, making it the world’s fastest land-based transportation vehicle.

China Railway Rolling Stock Corp. said Tuesday that China soon would become a “transport superpower” with the new train that floats above tracks through the use of electromagnetic force, the South China Morning Post reported.

According to HK01 on Tuesday, the firm began working on the initiative in 2016 alongside 30 firms, research universities, and other institutes.

The train was constructed at Qingdao, China’s easternmost city. According to the Post, chief engineer Liang Jianying stated earlier this year that the train would be available to the public in five to ten years.

Last year, China announced ambitious new ambitions to expand maglev links. According to the report, the government said in July 2020 that it planned to develop a network with up to nine maglev lines totalling 620 miles of track.

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China’s maglev trains are currently limited to short distances. A line in Shanghai operates between an airport and city center.

Other high-speed trains have begun operation this year.

Trains that operate at a maximum speed of 217 mph in Tibet went into service June 25. The 250-mile network, which connects the Tibetan capital Lhasa to the city of Nyingchi, took six years to complete and cost $5.6 billion, according to CNN.

Maglev projects are costlier than other technologies.

Information Technology and Innovation Foundation in Washington said maglev trains in China cost 1 1/2 times more than conventional high-speed trains, according to the Post.

“There are many technological issues to overcome to develop and deploy high-speed maglev trains as part of an integrated transport system,” the foundation said in April.

It added: “There is also the overarching question as to whether there is an ideal distance and market that can leverage maglev’s higher speeds at an affordable price.

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At the moment, China’s government is betting that it can do both as it throws significant financial resources and policy support behind its firms to make maglev trains happen.”

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