Qingdao CRRC Times New Energy Material Technology Co., LTD. (referred to as "Qingdao Times"), formerly known as Qingdao Huaxuan Environmental Protection Technology Co., LTD., was established in July 2004. In 2012, Zhuzhou Times New Material Technology Co., Ltd. completed the acquisition of 60% shares of Qingdao Huaxuan Environmental Protection Technology Co., LTD. In 2016, it was renamed Qingdao CRRC Huaxuan Water Co., LTD., with a registered capital of 32.5 million yuan; In 2022, multiple pultrusion production lines being invested in the West Coast New Area of Qingdao, Qingdao Times has successfully completed the industrial transformation. The company was renamed Qingdao CRRC Times New Energy Material Technology Co., LTD, whose products are mainly used in wind power, new energy vehicles, photovoltaic, energy storage and other new energy markets. Qingdao Times is committed to becoming a major domestic supplier offering pultrusion process product.