China approves Chery-JLR joint auto venture | Bangkok Post: auto

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China approves Chery-JLR joint auto venture

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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. 

State planner the National Development and Reform Commission approved the joint venture seven months after it was announced by the car manufacturers, Xinhua news agency said.

The 12-billion-yuan ($1.89 billion) venture was approved in half the time the process commonly takes in China

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