Mexican Media Brands
Chery, JLR Launch $1.7 Billion Venture in China
Chery Automobile Co. and Tata Motors Ltd.'s Jaguar Land Rover unit and have broken ground for a $1.7 billion complex in Changsu near Shanghai that includes an R&D center, assembly and engine plants and development of a new China-specific brand.
Share
Chery Automobile Co. and Tata Motors Ltd.'s Jaguar Land Rover unit and have broken ground for a $1.7 billion complex in Changsu near Shanghai that includes an R&D center, assembly and engine plants and development of a new China-specific brand.
Called Chery Jaguar Land Rover Automotive Co. Ltd., the Chinese venture expects to begin building vehicles in 2014 with annual capacity of 130,000 vehicles. JLR has said the first model will be Land Rover's Freelander or Range Rover Evoque compact SUV, followed by Jaguar cars and eventually by models for the unnamed new brand.
China is JLR's largest and fastest-growing market. Sales there of the units two luxury brands soared 78% year over year in the first 10 months of 2012. Local production will allow JLR to avoid China's 25% tariff on imported vehicles.
RELATED CONTENT
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
