CAF is one of the two big Spanish makers of trains, and a new kid on the block on the global market just like Chinese makers. It's worth to recap what I wrote about their HSR development in Globalisation catches up with rail industry?: it is an example that technology transfer, and with that the creation of new competitors on the global market, is a phenomenon not unique to China as export market. CAF first built 250 km/h trains as local partner for French-based giant Alstom. For another batch of 250 km/h trains for Spanish Railways, CAF was already the main contractor with Alstom as junior partner. Then they solved the own production of the remaining elements, and sold a completely in-house version to Turkey. And now they developed a 300 km/h cousin, with Spanish state aid.

_{*Lunatic*, n.
One whose delusions are out of fashion.}