What is a Joint Venture Car?

[OJaxson]

Joint venture cars refer to projects 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 contribute brand, technology, capital, talent, etc. Joint venture cars are the products of such collaborations, where foreign parties provide technology, talent, brand, etc., for domestic assembly, while the core technology remains under foreign control. Joint venture car brands include: Dongfeng Yueda Kia, Shanghai Volkswagen Skoda, GAC Honda, Changan Mazda, Jiangling Ford Transit, Changhe Suzuki, Hunan Changfeng Leopard, Nanjing Automobile, Brilliance Auto, and Beijing Benz Chrysler.