/JLR and Chery Establish Joint Venture In China

JLR and Chery Establish Joint Venture In China

JLR Chery Joint Venture at JLR and Chery Establish Joint Venture In China

Jaguar Land Rover, owned by Indian company TATA, announced agreement with Chinese Chery Automobile Co. to establish a joint version company in China. The equal partnership company’s proposed business plan include manufacture of JLR- and JV-branded vehicles; establishment of a research and development facility; engine manufacture; and sale of vehicles produced by the JV company.

That means we will soon get Chinese-built Jaguars and Land Rovers. That’s not necessarily bad, but it doesn’t sound right somehow: a Chinese Jag. Both parties are in the process of following the official process of establishing the JV. Terms and conditions of the commercial agreement are not being disclosed at this time and as such, no further details are available.

In a joint statement, Dr Ralf Speth, JLR Chief Executive Officer, and Mr Yin Tongyao, Chairman and Chief Executive Officer of Chery Automobile Company Ltd, said:

“Working together on this proposed joint venture is an exciting prospect for both JLR and Chery. Demand for Jaguar and Land Rover vehicles continues to increase significantly inChinaand we believe that JLR and Chery can jointly realise the potential of these iconic brands in the world’s largest car market.

“Our ambition is to leverage the respective strengths of our two businesses – in research and development; technological innovation; manufacturing excellence and local consumer knowledge – to offer Chinese customers the most advanced, highly efficient products featuring the very latest technologies.”

(Founder / Chief Editor / Journalist) – Arman is the original founder of Motorward.com, which he kept until August 2009. Currently Arman is our chief editor and is held responsible for a large part of the news we publish.