Jaguar Together with Chery Will Produce Cars in China

August 24, 2012 at 01:49

Chinese company Chery and British Jaguar has signed a joint venture in the country of China. Under the agreement, both companies will have equal shares in the joint venture. In addition, the terms of the contract include that the construction of production plants for the production of the vehicles will go under the English brand. Under the agreement, it is signed that the companies will go into the production of engines, create their own research center for personal research and development activities, as well as the plan is to increase the number of dealers of Jaguar all over China.

Image of Jaguar XJ220

Image of Jaguar XJ220

The current head of Jaguar Ralph Speth and Ying Tong Yao, who is the CEO of Chery, jointly announced – “The joint venture is a great opportunity for Jaguar Company, and for Chery Company. China continues to significantly increase the demand for production of cars of Jaguar auto concern, and we believe that together we can realize the potential of these legendary brands in the largest car market of the world. ”

Picture of Jaguar modern car

Picture of Jaguar modern car

After the signing of the cooperation agreement, the leaders of both companies expect the approval of the Chinese authorities and other regulatory authorities. All in all, it is believed to be a fruitful agreement.

categoryCategories: General News