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On December 10, 2019, ELG and the University of Huddlersfield ’s Institute for Railway Research jointly researched and released the world`s first carbon fiber composite track bogie called "CAFIBO". The new bogie is completely made of surplus and recycled carbon fiber materials, is lighter than conventional bogies, and has more excellent vertical and lateral stiffness. The use of this new bogie in railway vehicles can reduce track wear, reduce infrastructure maintenance costs, increase reliability and operational availability, and save energy and slow global warming.