Follow us

© 2024 by Capybara Technologies

Jaguar Land Rover and Chery waiting for Permission to set up JV in China

1 min to read
Dec 6, 2011 9:39 AM CET
Tycho de Feijter

Jaguar Land Rover is awaiting a response from the National Development and Reform Commission regarding a request to develop a potential Chinese joint venture, according to Jaguar Land Rover President Bob Grace. Media reports said the company Jaguar has chosen is very likely to be Chery.

Both Jaguar and its partner have submitted requests to the NDRC. A response is expected by next April. Some in the industry doubt that the proposal may gain official approval, as JLR’s key products are large-engine-sized vehicles, which go against the Chinese trend for smaller and more fuel efficient cars.

Land Rover’s Chinese sales this year have exceeded 33,600 units, 60 percent higher than last year. Meanwhile, JLR’s sales have decreased in its home market of Europe and across the world, with the manufacturer facing increasing competition from Mercedes-Benz, BMW and Volvo. The manufacturer has sold over 40,000 vehicles worldwide so far this year.

Via: ChinaDaily.

Recommended for you
Chery Exeed Exlantix ES EREV
Chery’s Exeed Exlantix ES EREV with 1,645 km range opened pre-sales starting at 22,400 USD
Chery Jetour Freedom
ICE is not dead? Jetour Freedom off-road SUV pre-sale starts at 17,900 USD in China
Chery Fulwin T8
Chery Fulwin T8 PHEV with 2078.6 km range will enter market on February 22
Follow us for ev updates
Chery
Jaguar China
Comments