Shanghai, October 6 (Gasgoo.com) Honeywell and Chinese automaker Changan Group recently signed an agreement to jointly develop technologies for turbochargers used in small-displacement cars, the Xinhua news agency reported today.
The move will help enhance the environmental friendliness and energy efficiency of motor vehicles and at the same time lower the cost. The term of the cooperation will be one year.
"The turbocharger technology allows a vehicle to use a smaller engine (30% smaller in size) while achieving power levels of a much larger engine," said Shane Tedjarati, President of Honeywell (China).
"These turbochargers for small cars will improve upon the size-to-output efficiency of an engine by 10% to 15% and has the potential to yield big revenues," he said.
Honeywell is one of the Fortune 500 Enterprises, with an annual turnover of $37 billion. Its investment in China has exceeded $600 million, with 7,000-plus employees.