Is Wuji a Joint Venture Car?

[VivienneRose]

Wuji is a joint venture car. The following are the differences between domestic cars and joint venture cars: Price aspect: Since the core technology is in the hands of foreign companies, the price of joint venture cars is often higher compared to domestic cars. Investment method: Domestic cars are designed and manufactured by Chinese themselves; joint venture cars are co-produced by Chinese parties providing land, factory usage rights, and capital, while foreign investors provide brands, technology, etc. Brand aspect: Domestic cars are self-owned brands; joint venture cars are cars produced through Sino-foreign joint ventures. Chinese side: The Chinese side provides land, factory usage rights, and capital. Foreign investment: Foreign investors provide brands, technology, capital, and talent.