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Jaguar Land Rover and Chery Automobile Company agree on terms for proposed joint venture company in China

Green Car Congress

Jaguar Land Rover (JLR) and Chery Automobile Company Ltd have reached agreement on a proposed joint venture in China. JLR and Chery will now follow the official process to establish a joint venture company in China. The companies are not disclosing terms and conditions of the commercial agreement at this time.

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Will China win the electric car race? The Green Piece

Green Cars News

According to consultancy McKinsey, China’s car market will grow ten-fold from 2005 to 2030 which will increase demand for petrol and diesel from 110million tonnes to 500million tonnes, prompting a sharp rise in carbon emissions in a country that has already overtaken the US as the world’s biggest source of greenhouse gases.

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