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ACTECO is an engine brand created by Chery. There are many different engines in this range, which was developed together with the Austrian company, AVL.

About ACTECO

Chery Engine Company is affiliated to Chery Automobile Co., Ltd., and located in Wuhu Economic and Technological Development Area, which enjoys advantage and convenient location that adjoined the Changjiang River and close to Naniing, Shanghai and Hangzhou.

Chery Engine Company was established in 1997 and now comprises First Engine Plant (FEP), Second Engine Plant (SEP), etc. Chery Engine Company has produced more than 20 types of gasoline engines, diesel engines and natural gas engines, of which the displacement range is from 0.5L~3.0L and the power range is from 20kW to 150kW. Our engines are widely used in many applications, such as automobile, offroad vehicle, motorboat, generator and farming machine.

Chery Engine Company has achieved an annual production capacity of 650,000 engines and Third Engine Plant (TEP) is being planned.
Homepage:
http://www.cheryacteco.com/en/

A thread about Acteco engines at CCF:
http://www.chinacarforums.com/forum/showthread.php?t=314
 

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ACTECO

My understanding is that it stands for

AVL
Chery
TEchnology
COoperation

but there may be other explanations too.

ACTECO is the name given to engines made by Chery with design inputs from AVL Austria.
 

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Actually a more complete explanation of ACTECO should be

Main explanation
A : Austria/AVL
C : China/Chery
TE : Technology
CO : Cooperation

Secondary explanation

ACT on fuel ECOnomy and ECOlogical environment
 
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