PETRONAS has signed a Letter of Intent (LOI) with China carmaker Nanjing Automobile Corp (NAC) and Brilliant Culture Group Ltd (BCG) towards the use of its Petronas E01 Engine technology for the carmaker's vehicles.
Under the LOI, which was signed yesterday, Petronas and NAC will assess the engine technology's suitability and develop engine specifications to suit NAC's recommended platforms.
BCG is expected to co-invest with NAC in the manufacturing facility for the engine, Petronas said in a statement.
NAC, a state-owned corporation of China, is one of the most important automotive industrial enterprises in the country with more than 30 subsidiaries and 400 affiliated companies.
BCG is a consulting firm whose expertise includes strategic planning, marketing and government relations, Petronas said.
With the signing of the LOI, the three parties will further explore work on the Petronas E01 technology to produce 1.8 litre to 2.2 litre engine family. The compact design of the engine allowed it to be fitted into various vehicle platforms with customised intake. Bernama