The deal is a twenty year agreement for ZhongShen to manufacture the engine, and fit it to their own bikes. Photo credit (of generic engine) – Pixabay
British motorcycle designer and manufacturer Norton has licensed one of its engines to a Chinese firm.
ZhongShen Motorcycles of China export their products to a number of markets which need to meet the ‘Euro 4’ emissions standards.
Norton is a small-scale firm, based in the British Midlands, which had designed an engine suitable for ZhongShen’s needs in the form of a new 650cc power plant.
The terms of the deal have not been publicly disclosed, but they include a twenty year agreement for ZhongShen to manufacture the engine, and fit it to their own bikes.
Alongside an initial payment for the intellectual property, we understand that Norton will also receive a fee for each engine that ZhongShen produce.
The news is just the latest example of growing co-operation between British and Chinese engineering firms.
For example, we recently reported that a British firm dubbed the ‘Disneyland of Engineering’ had received a massive boost from Chinese investors.
Gilo Industries Group is one of the UK’s most exciting design and engineering companies.
It specialises in aircraft-related technologies, although also has an interest in motorbike racing, and technologies that can be applies across multiple industries.
The deal saw Kuang-Chi science of Shenzhen buy a minority stake in the firm.