LONDON, Nov 18 (Reuters) - Jaguar Land Rover and Chery
Automobile said on Sunday they had laid the
foundation stone for a new car factory in Changshu, China, near
The move had been expected after the partners recently won
Chinese regulatory approval for the joint venture to make Jaguar
Land Rover (JLR) vehicles and new models for a partnership brand
The deal marks the latest effort by JLR, which is controlled
by India's Tata Motors Ltd, to expand its appeal in
the world's largest auto market, where luxury sedans and SUVs
remain in hot demand even as the overall car market cools.
It will also help raise the profile of Chery, a mass volume
player aspiring to gain access to the lucrative upscale segment
dominated by foreign brands.
(Reporting by Ben Hirschler; Editing by David Cowell)