Jaguar Land Rover to form JV with China's Chery

  • 26-Mar-2012 03:55 EDT

Jaguar Land Rover (JLR) and Chery Automobile Company Ltd have agreed to form a joint venture in China. The agreement follows extensive talks between JLR and Chery on establishing an equal-partnership company. The scope of the joint venture (JV) would 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. The companies offered no addition information on the JV.

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