Chery, Jaguar Land Rover applied for government approval to establish a joint venture

Article by Christian A., on May 17, 2012

Chery Automobile Co. is waiting for the Chinese government to approve a plan to set up a joint venture operation with Jaguar Land Rover in China with a 12.1 billion yuan ($1.9 billion) investment. The Web site of China's Ministry of Environment Protection said that this new plant, which will arise at Changshu in east China's Jiangsu province, would make as many as 130,000 vehicles annually.

Last March, Chery and Jaguar Land Rover signed a deal to create the joint venture. The ministry will evaluate the plant's potential effect on Changshu's environment. Before automakers could be permitted to construct new assembly plants, China will need environmental reviews. It’s expected that a ruling will be announced by the ministry this month.

If this project is approved by the ministry, the company would still need the approval from the National Development and Reform Commission, China's central economic agency. In 2011, Land Rover sales in China surged by 68% to 34,993 units. Meanwhile, Jaguar sales increased by 58% to 3,897 units, LMC Automotive said. These vehicles were all imported.

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