Yesterday, Jaguar Land Rover’s new China factory, located in Changshu, Jiangsu province, officially started its production. This marks the completion of JLR’s first step in product localization process in the China market.
The JLR China factory is a 50:50 joint venture between JLR and Chery Automobile (a Chinese automobile company).
If you are wondering whenever each foreign auto maker wants to setup a factory in China, why it need to cooperate with a Chiese automobile company in the form of joint venture? The simple answer that the Chinese government offers significantly better benefits/tax exemptions for such incorporation form...
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