Chery Automobile Company and Jaguar Land Rover signed an agreement to enter into a joint venture. According to the new agreement the two Chery's manufactures will start assembling Jaguar and Land Rover as well as a new line of vehicles developed by Jaguar Land Rover with Chery.

This action can be explained by the wish of JLR boost its sales in the growing Chinese market. Now the both companies are waiting for the Chinese Government approval before the venture can become official.

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