“This agreement is a key milestone in bringing our innovative engine technology to market.”
Zhongding Power and EcoMotors today announced an agreement to produce engines in Anhui Province China. The plant represents an investment by Zhongding of more than $200 million and will have a capacity of about 150,000 “Opoc” engines per year when production begins in 2014. EcoMotors claims Opoc engines can deliver the same power level as conventional engines at half the size, lower cost, all the while producing lower emissions.
Zhongding plans to supply Opoc engines to makers of power generators, and off-road and commercial vehicles. The agreement allocates a portion of the plant’s output to EcoMotors for sale and distribution to its own direct customers.
“This agreement is a key milestone in bringing our innovative engine technology to market and underscores the potent disruptive force that is Opoc,” said Don Runkle, CEO of EcoMotors who was former Vice Chairman of Delphi and a 30-year executive at General Motors.
EcoMotors’ primary investors are Khosla Ventures, Bill Gates and Braemar Energy Ventures. Vinod Khosla, who founded the firm in 2004, is a founder of Sun Microsystems and was formerly a General Partner at Kleiner Perkins.
