Is Wuling a Sino-foreign joint venture?

[StTheo]

Wuling is a Sino-foreign joint venture. Relevant information about joint venture vehicles is as follows: 1. Introduction: A project jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, as well as capital; foreign investors contribute brands, technology, capital, talent, etc. Joint venture vehicles are the products of such cooperation. Foreign parties provide technology, talent, brands, etc., for domestic assembly, but the core technology is still controlled by the foreign side. 2. Joint venture brands under the FAW Group include: FAW-Volkswagen, FAW-Audi, FAW-Mazda (all produced in Changchun, Jilin), and FAW-Toyota (produced in Changchun, Jilin; Tianjin; and Chengdu, Sichuan).