Is the Maxus V80 a joint venture or domestically produced?

[Pauline]

Maxus V80 is a domestically produced vehicle. The differences between domestically produced cars and joint venture cars lie in the aspects of investment, brand, and price. Investment method: The Chinese side provides the right to use land and factory buildings, as well as capital. Overseas investors contribute brand, technology, capital, talent, etc., to jointly manufacture automobiles. Brand aspect: Domestically produced cars are designed and manufactured by Chinese people themselves, and they are self-owned brands; joint venture cars are produced through Sino-foreign joint ventures. Price aspect: Since the core technology is often held by foreign enterprises, joint venture cars tend to have higher prices. The country's production capacity is insufficient, and there are issues with intellectual property rights, with core technology mainly relying on foreign sources. This results in higher prices for joint venture cars.