China, Japan jointly develop ‘albatross’ high-speed train

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The Aero Train’s indicative top speed of 500km/h would beat the Shanghai Maglev, which clocked in at 430km/h. Once commercially deployed, the Aero Train can cut travelling time between Tokyo and Osaka to an hour from the current schedule of two hours and 30 minutes. The Aero Train, like the Shanghai Maglev, does not run on rails. The aerodynamically levitated train uses stubby, U-shaped little wings and fast-moving air to fly just above the ground.

http://www.scmp.com/tech/enterprises/article/2143329/china-japan-jointly-develop-albatross-high-speed-train-top-speed