What is the Difference Between Joint Venture Cars and Domestic Cars?

[LondonLynn]

Here are the differences between domestic cars and joint venture cars: 1. Price: Due to core technologies being held by foreign companies, joint venture cars are often more expensive. 2. Investment method: Domestic cars are designed and manufactured by Chinese people; joint venture cars are produced through cooperation where the Chinese side provides land, factory usage rights, and capital, while the foreign investor contributes the brand, technology, etc. 3. Brand aspect: Domestic cars are self-owned brands; joint venture cars are produced through Sino-foreign joint ventures. Below is extended information on the investment methods of joint venture cars: 1. Chinese side: The Chinese side provides land, factory usage rights, and capital. 2. Overseas investment: The overseas investor contributes the brand, technology, capital, and talent.