NDRC approves Chery Jaguar Land Rover joint-venture
JV to build Freelander or Evoque
Tata Motors’ Jaguar Land Rover (JLR) and Chinese automaker Chery Automobile have finally received regulatory approval from the Chinese regulatory body, the National Development and Reform Commission (NDRC), to form a CNY12.1bn (USD1.9bn) joint-venture (JV).
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