The rapid development of rail vehicle equipment manufacturing industry has become an important engine for the development of the world economy in the future. According to global high speed railway development and high speed trains technical characteristics, analysis and research were carried out, including of development status and plan of world high speed railways and trains, especially the development characteristics of next generation high speed trains in Europe and Japan. At the same time, the technical characteristics and technical objectives of China’s next generation high speed trains were introduced, including the design idea, and key technology of car body, bogie, traction drive and brake, intelligent features and safety, and suggestive technical indicators of China’s next generation high speed trains were put forward, as well as the key technology development direction and intelligent target of bogie, car body, and traction drive system. The conclusion showed that the technology development and competition of the next generation high speed railways are still fierce at home and abroad, the advanced technologies of the next generation high speed railways have become the major hot spots and important research direction at present,which is urgent and necessary.