Is the Elysee a Joint Venture Car?
1 Answers
The Dongfeng Citroen Elysee is a joint venture car. It is an entry-level compact sedan jointly produced by the Dongfeng Group and Chevrolet. Here is an introduction to joint venture cars: 1. As the name suggests, a joint venture car is a project jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, as well as capital, while the foreign investor provides the brand, technology, capital, talent, etc. Joint venture cars are the result of such collaborations. Foreign parties provide technology, talent, and brands for domestic assembly, but the core technology is still controlled by the foreign side. 2. Joint venture cars are expensive due to intellectual property issues. The level of cooperation and dependence between China and foreign automobile manufacturers is relatively low. Generally, China learns more about assembly technology, corporate culture, and internal management from foreign automobile manufacturers. However, the core technologies of automobile engines and transmissions, which are truly needed, are often imported from abroad, and the technologies sold to China are usually 10 to 20 years behind.