Reuters cites “two people with direct knowledge of the matter” who are saying that Jaguar Land Rover (JLR) and Chery Auto are working out the final details of a deal to start a joint venture for making JLR-cars in China.

Parties have asked the Chinese central government for approval and aim to announce the forming of the joint venture at the Beijing Auto Show in April.

Well, we will see. JLR and Chery have been talking and talking for over a year now and the Chinese government has just announced it will be much more strict in approving new foreign investment in the auto sector. It seems to me the JV ain’t a sure thing just yet.

Recommended for you

Chery Fulwin T11 EREV SUV with 1400 km combined range to start pre-sale October 13th

Chery Exeed Yaoguang C-DM Global Edition PHEV launched from 19,600 USD: 1,400 km range, updated powertrain

All-new Chery Tiggo 8 revealed in official images, Q4 launch