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Provider: Reuters Investment Profile
Provider: Wright Reports

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Torvec Inc Signs Development Agreement with Chinese Automaker

Monday, 28 Jan 2013 08:00am EST 

Torvec Inc announced that it has entered into an agreement with Chinese automotive manufacturer, BAIC Motor Co Ltd. Under the agreement, BAIC Motor Co., Ltd. will pay Torvec to manufacture a number of prototypes of its IsoTorque differential for one of BAIC's anticipated future car models. Torvec will supply BAIC with these prototypes for its evaluation and testing. Under the agreement, BAIC will furnish Torvec with specifications, drawings, differential housings and will pay Torvec to manufacture prototype IsoTorques for a specific vehicle application. 

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21 Jul 2014