What Does Joint Venture Car Mean?

[MacDominic]

Joint venture cars refer to projects jointly established by Chinese and overseas investors. The following is an introduction to the investment methods of joint venture cars: Investment methods: The Chinese side provides land and factory usage rights, as well as capital. Overseas investors contribute brands, technology, capital, and talent. Differences between domestic cars and joint venture cars: Price aspect: Since core technology is held by foreign companies, joint venture cars are often more expensive. Investment method aspect: Domestic cars are designed and manufactured by Chinese people themselves; joint venture cars are co-produced by the Chinese side providing land and factory usage rights, as well as capital, while foreign investors contribute brands, technology, etc. Brand aspect: Domestic cars are self-owned brands; joint venture cars are cars jointly produced by Chinese and foreign partnerships.