What does automotive joint venture mean?
1 Answers
An automotive joint venture refers to a project jointly established by Chinese and foreign investors. 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, and capital; the foreign investor contributes brand, technology, capital, talent, etc. Joint venture vehicles are products of such collaborations. Foreign parties provide technology, talent, brands, etc., for domestic assembly, but core technologies are 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).