Is the Volkswagen Jetta VS5 a joint venture car?

[LeAsher]

Jetta VS5 is a joint venture car. Here is the relevant content: Introduction to Jetta VS5: Jetta VS5 is a joint venture car. The Jetta brand still belongs to the Volkswagen Group and is a low-end brand under FAW-Volkswagen Automotive Co., Ltd., a joint venture of the German Volkswagen Group in China. The Jetta VS5 is the first SUV model of the Jetta brand, built on Volkswagen's most advanced MQB A1 platform and equipped with the same engine used in Volkswagen and Audi models. Definition of a Joint Venture Car: A joint venture car is a product of 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 investors provide the brand, technology, capital, and talent. Joint venture cars are assembled domestically with technology, talent, and brands provided by foreign parties, but the core technology remains controlled by the foreign side.