The line will have a length of 10.2 kilometers and will serve a suburban district of the city.
The first circulation tests are in preparation, the company said, quoted by the official Xinhua Tech News agency.
Accommodate Up to 1,032 Passengers
The maglev levitation train will have a maximum speed of 80 kilometers per hour and each convoy will be able to accommodate up to 1,032 passengers.
In October last year, the Chinese state-owned railway material manufacturing company CRRC announced a plan to develop the world's fastest magnetic levitation rail capable of reaching speeds of 600 kilometers per hour this is Latest Tech News.
Shanghai has been operating since 2004 a low-speed magnetic levitation railway line between the city's outskirts and Pudong International Airport.
This technology is cheaper than the traditional metro, which requires significant investments for the construction of tunnels and also avoids derailments.
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