The network theory is widely applied to improve the reliability of a complex electromechanical system. In this application, system reliability assessment with network theory has been paid a great deal of attention. Because of instrument malfunctions, staff omissions, imperfect inspection strategies, and complex structures, field failure data are often subject to interval censoring, making the holistic reliability assessment becomes a difficult task. Most traditional methods assume reliability of critical components or partial reliability as system reliability, which may cause a large bias in system reliability estimation. This paper proposes a novel method to evaluate and predict the system reliability of a complex electromechanical system subject to the insufficient fault data problem from a network perspective. First, the system modeling based on network theory is developed to describe the topology of a holistic system. Second, interval-valued intuitionistic hesitant fuzzy number is proposed in order to solve insufficient data for single component. Then, a new measurecomprehensive reliability-that can reflect the reliability of nodes in combination with functional properties and topological properties, which are formulated by failure data and network model, respectively, is constructed for system reliability assessment. Subsequently, an improved system reliability model based on percolation theory is given in terms of comprehensive reliability of nodes. Finally, to verify the effectiveness of the proposed method, a simulation and a real case study for traction system are implemented.