Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Economy
 Search News  Or
Chery, Jaguar Land Rover to launch JV in Jiangsu

Feb. 24, 2012 (China Knowledge) - Chery Automobile Co Ltd, the largest private automaker in China, and Jaguar Land Rover plan to launch a joint venture with an investment of RMB 17.5 billion in the Changshu Economic and Technological Development Zone of Jiangsu Province, sources reported.

Zhang Jianzhong, deputy secretary of the zone's Party Working Committee, confirmed the news. Chery has yet commented on the news.

CR Ramakrishnan, chief financial officer of Tata Motors of India, the parent co of Jaguar Land Rover, said the company has selected a Chinese partner for the launch of a JV without disclosing the partner's name, adding that more details will be disclosed by Tata in the near future.

A person familiar with the matter noted the proposed JV will start an auto plant and an engine facility only for its Land Rover models.

This will be Chery's second JV. At the middle of last year, the Chinese auto maker and Israel Corp set up a JV named Qoros Auto, formerly known as Chery Quantum Auto Co.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved