Archive for the ‘Chery-JLR’ Category
Published on January 16, 2013 by Joey Wang
British-based luxury carmaker Jaguar Land Rover has announced that China has overtaken Britain to become its largest market, with 71,940 cars sold in the country last year.
According to figures released by Jaguar Land Rover on Sunday night, the company sold 357,773 vehicles in 2012, up by 30 percent year-on-year thanks to strong market performances in Britain, China and the United States.
Published on January 15, 2013 by Joey Wang
A senior executive of British luxury automaker Jaguar Land Rover said on Monday that the automaker was looking forward to further expanding in the Chinese market, as it had become the company’s biggest market.
The global auto industry had not entirely walked out of the 2008 financial crisis despite constant improvements, but Chinese market had seen robust growth, eclipsing other countries, Phil Popham, Jaguar Land Rover’s director for group sales operations, told Xinhua in an interview during the ongoing 2013 North American International Auto Show.
Published on November 20, 2012 by Joey Wang
Construction of a joint venture project between China’s auto giant Chery and Indian-owned luxury carmaker Jaguar Land Rover (JLR) started Sunday in East China’s Jiangsu province. Foundation stone-laying ceremony was held at the economic and technology development area in the city of Changshu, according to the city’s government.
Published on October 30, 2012 by W.E. Ning
China has approved a joint venture which will see Jaguar Land Rover (JLR) make and sell luxury cars in China in partnership with domestic company Chery Automobile, official media said Monday.
Published on September 25, 2012 by Joey Wang
New news on the Jaguar Land-Rover – Chery joint venture. Earlier on we heard the combination will start making cars in 2014. They will make the Freelander, Evoque and a yet unknown Jaguar sedan. Chinese press reports today that there is much more. Read more »
Published on July 8, 2012 by Joey Wang
With booming sales, China will soon overtake North America to become the second largest market for luxury carmaker Jaguar Land Rover after Britain, the company’s top executive predicted on Friday.
JLR Chief Executive Officer Ralf Speth told Xinhua that the company will increase investment in China to expand its sales network in the country and develop cars that best meet Chinese consumers’ demands.
Published on May 18, 2012 by Tycho de Feyter
More details have emerged on the Chery-Jaguar-Land Rover joint venture. Chery and JLR reached an agreement on the joint venture in March and are now waiting for the final approval by the Chinese government. The plans are impressive and include an engine plant which will make engines especially for the Chinese market.
Production will start in 2014. Initial capacity of the car factory will be 130.000 cars annually, by 2020 capacity will reach 250.000 cars. In 2014 the joint venture plans to build 34.000 Range Rover Evoques, 43.000 Range Rover Freelanders and 23.000 Jaguar ‘sedans’, which type or types is yet unclear.
Published on March 6, 2012 by Joey Wang
Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan ($2.78 billion) car venture in eastern China, two people with direct knowledge of the deal told Reuters on Monday.
The deal marks Jaguar Land Rover’s latest effort to expand its appeal in the world’s largest auto market where luxury sedans and SUVs remain in hot demand even as the overall car market cools.