Mexican Media Brands
Diesel Developer Launches Second Joint Venture in China
Michigan-based EcoMotors International Inc. has begun a venture with China's FAW Group Corp. to produce a new type of diesel engine claimed to be 30% lighter and at least 20% more fuel efficient than conventional diesels, The Wall Street Journal reports.
Share
Michigan-based EcoMotors International Inc. has begun a venture with China's FAW Group Corp. to produce a new type of diesel engine claimed to be 30% lighter and at least 20% more fuel efficient than conventional diesels, The Wall Street Journal reports.
FAW's Jingye Engine Co. will own 51% of the venture and invest more than $200 million to launch production, according to the Journal. EcoMotors is contributing intellectual property on a nonexclusive basis. The partners plan to open a factory late next year in Shanxi province with capacity to make 100,000 engines annually.
The deal is the second for EcoMotors, a five-year-old startup backed in part by Microsoft Corp. founder Bill Gates.
Last year the company and China's Zhongding Holding Group Ltd. started a nonexclusive venture to make engines for power generators, off-road equipment and commercial trucks. The partnership is expected later this year to begin making as many as 150,000 engines annually in a $200 million factory in Anhui province.
RELATED CONTENT
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Robotic Exoskeleton Amplifies Human Strength
The Sarcos Guardian XO Max full-body, all-electric exoskeleton features strength amplification of up to 20 to 1, making 200 pounds—the suit’s upper limit—feel like 10 pounds for the user.
