Chery, Jaguar Land Rover seeking approval to produce cars in China

Article by Christian A., on October 11, 2011

Chery Automobile Co. and Jaguar Land Rover are awaiting regulatory approval to create a joint venture in China, as reported by China Business News. The two firms have completed talks for a manufacturing tie-up, the newspaper stated on Monday, according to an unnamed source. Representatives from each companies stated they had no details to announce about the agreement.

Chery, China's biggest automobile exporter, and Fuji Heavy Industries had previously decided to produce Subaru vehicles in China, but had failed to obtain regulatory approval because of probable clashes with the industry policy of Beijing.

JLR, which is owned by Tata Motors, has been seeking a Chinese partner and had approached several car manufacturers, such as Great Wall Motor Co. In May, the British vehicle manufacturer revealed record yearly profits of 1.04 billion pounds or 1.2 billion euros for 2010, with the help of robust development in China. The company has predicted sales of 40,000 units in China for the years 2011 to 2012, up from 26,000 in 2010 to 2011, says Autonews.

Most of these sales -- 36,000 -- will be Land Rovers, the company revealed. As part of its growth tactic and investment, JLR is aiming for 40 new products in the next five years, as it watches rising market growth.

In May, Tata launched a Land Rover Freelander assembly unit at its plant in the city of Pune, India. It is also putting a focus on markets including Russia, Brazil, China and India. Former Tata CEO Carl-Peter Forster commented during an interview in a Bloomberg TV in May that China is the No. 1 growth market for Jaguar Land Rover.

If you liked the article, share on:

Comments

Recommended

Like it or not, Chevrolet may soon be offering a cheaper Camaro in hopes of competing with Dodge Challenger and Ford Mustang GT. Apart from the less expensive trim, the...
by - August 17, 2017
Recently, Porsche revealed a new Macan Turbo wearing a Performance Package and a unique Porsche Motorsport themed paint. At first look, it will remind you of the 919 Hybrid and...
by - August 17, 2017
The BMW M1 will be one of the most exclusive cars that will be showcased at the upcoming 2017 Pebble Beach Concours d'Elegance, alongside many other extravagant models. Firstly, there...
by - August 17, 2017
Aston Martin Vanquish Zagato makes its debut with a total of four variations including the Speedster and the Shooting Brake trims. As part of the limited edition model, the company...
by - August 17, 2017
Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries