“Bill Gates-Backed EcoMotors Sets Up Venture With FAW Unit”

ecomotors

http://www.bloomberg.com/news/2014-03-05/bill-gates-backed-ecomotors-forms-joint-venture-with-faw-jingye.html

EcoMotors Inc., backed by Bill Gates and Khosla Ventures, formed a partnership with a subsidiary of China FAW Group Corp. that will build a $200 million factory in China.

The joint venture will develop, make and sell EcoMotors’ engine technology, which the Allen Park, Michigan-based company says improves fuel economy and lowers greenhouse-gas emissions.

lightbulblogo

Given the high levels of pollution in Chinese cities, the demand is strong.

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About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

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