#ecomotors

U.S. engine maker backed by Bill Gates forms second China venture | Reuters

The FAW subsidiary, First Auto Works Jingye Engine Company, is investing more than $200 million in the venture, BEM (Shanxi) Co, which aims to begin building an advanced engine designed by EcoMotors in 2015 in China’s Shanxi province.

Image via CrunchBase

FAW’s manufacturing partners in China include Volkswagen AG (VOWG_p.DE), Toyota Motor Corp (7203.T) and General Motors Co (GM.N).

It is the…