HyperloopTT signs deal for first test track in China
Updated : July 20, 2018 12:40 AM IST
A hyperloop uses magnets to levitate pods inside an airless tube, creating conditions in which the pods can propel people and freight at speeds of up to 750 miles (1,200 kms) per hour.
HyperloopTT and government-owned Tongren Transportation Tourism Investment Group will set up a joint venture that will build a hyperloop track and conduct research into the technology, HyperloopTT said in a statement.
HyperloopTT will provide technology, engineering expertise, and essential equipment in the venture, while Tongren will take charge of relevant certifications, regulatory framework, and construction of the system, it said.