Honeywell Turbocharges Chinese Automakers at the 2009 Shanghai Auto ShowBy Prne, Gaea News Network
Tuesday, April 28, 2009
SHANGHAI - World’s Fastest Growing Auto Market Looks to Turbocharged Engines to Deliver Energy Efficiency without Sacrificing Performance
Honeywell (NYSE: HON) announced that its gasoline and diesel turbochargers are featured on more than 20 passenger vehicles at the 2009 Shanghai Auto Show, including 15 turbo launches for new passenger vehicles developed by China’s biggest carmakers. The turbocharged vehicles include diesel and gasoline applications ranging from 1.3L to 2.0L, reflecting the value of turbochargers in enabling automakers to downsize their engines to reduce emissions, deliver performance, and enhance fuel efficiency.
Honeywell announced partnerships with a number of Chinese automakers, all releasing turbocharged gasoline engines at the Shanghai Auto Show. The automakers include Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Huatai Automobile, and JAC Motors. In addition, Chery and JAC announced they would equip their 1.9L diesel engines with Honeywell’s innovative, emissions-reducing variable geometry VNT(TM) turbochargers, the first passenger vehicles in China to use the VNT(TM), offering world class performance and up to 40% fuel economy compared to non-boosted gasoline engines.
“While most of the global automotive industry is slowed by the global recession, the Chinese market continues to grow. We are excited to be a part of that growth in partnering with Chinese automakers to develop more fuel efficient, lower emitting turbocharged engines,” says Alex Ismail, President of Honeywell Transportation Systems. “As the world leader in turbocharging technology and an early provider to Chinese engine and automakers, we have built strong partnerships with many of China’s automakers, and we have been able to draw upon our technology portfolio to enable them to deliver great engine performance in smaller packages.”
A turbocharger utilizes the energy from the engine exhaust that is otherwise wasted. The turbo has increasingly been adopted by car makers worldwide as a boosting method to enable a smaller engine to perform like a bigger engine, but with better fuel efficiency and lower CO2 footprint. The turbo solution is of even more value in China since it passed a tax incentive program in January to incent Chinese consumers to buy smaller displacement vehicles.
“The growth of turbocharging in China is very promising. Today, only 10% of new light vehicle sales in China are turbocharged,” added Ismail. “We expect the overall turbo vehicle sales in China will double over the next five years, and we are seeing even stronger growth in the sales of turbo gasoline vehicles, which are expected to more than triple by 2014.”
Honeywell also launched three BMW gasoline models: BMW 760Li, BMW X5 M, and BMW X6 M. The Honeywell-boosted BMW 760 Li and BMW X5 M are world premieres, while BMW X6 M is an Asian premiere. These premium turbocharged engines are setting unparalleled performances levels while offering significant reduction in fuel consumption and emissions.
Honeywell Turbo Technologies is a business unit of Honeywell Transportation Systems, which also consists of Consumer Products Group and Friction Materials. As a leading automotive supplier, Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies, world-class brands, and global solutions tailored for its automotive customers around the world.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Michelle Dumetier of Honeywell Turbo Technologies, + 33 (0)1 55 46 22 21, michelle.dumetier at honeywell.com, or Joe Toubes of Honeywell Transportation Systems, +1-310-791-9153, joe.toubes at honeywell.com, or Rebecca Gu of Honeywell - Asia Pacific, + 86 21 5257 4568, ext. 6513, rebecca.gu at honeywell.com
Tags: China, Fuel economy, Honeywell, Shanghai, Western Europe