Chinese carmaker Chery Automobile Co yesterday said it has signed a deal to develop an aircraft engine for Austria's Austro Engine and China's CETC Wuhu Diamond Aircraft Engine.
The unit will replace Austro Engine's current model used on light aircraft DA40 and DA42 made by Austria's Diamond Aircraft and its Chinese partner, CETC Wuhu Diamond Aircraft, said Jin Gebo, Chery's assistant general manager.
The main parts will be produced in Chery's factories in Wuhu, Anhui Province, where it is headquartered, and the engines will also be assembled there, said Jin.
As one of China's major carmakers, Chery exported more than 300,000 engines to its customers in countries including the United States, Italy and Japan.
It sold 550,100 vehicles last year, up 8.3 percent year on year.