Jaguar Land Rover and Chery Create Joint Venture in China

Jaguar Land Rover and Chery will create an equal partnership joint venture in China.

The joint venture will be responsible for producing Jaguar Land Rover vehicles, building engines, selling Jaguar Land Rover vehicles in China and research and development. 

"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 in China and we believe that JLR and Chery can jointly realise the potential of these iconic brands in the world's largest car market," said Jaguar Land Rover CEO Dr. Ralf Speth. 

Because the final contracts are not yet finished, Jaguar Land Rover and Chery are not ready yet to reveal any more specifics about the deal. They said that they will go through the official process of creating a joint venture in China.