The plant of Chery Jaguar Land Rover Automotive Co., Ltd., a joint venture between Chinese automaker Chery and British Jaguar Land Rover, in Changshu, Jiangsu Province will be ready for vehicle production in the fourth quarter of 2014, with annual capacity estimated at 130,000 units, according to a company news release.
The Changshu plant’s press and body shops started test running in March this year. The JV project’s total investment amounts to ¥10.9 billion ($1.76 billion), and the plant covers an area of about 813,000 square meters.
Chris Bryant, president of Chery Jaguar Land Rover, said, “We want to be the premium automotive manufacturer in China’s premium car market, and to inspire excellence and exceed our customer’s expectations.”
The foundation stone of the JV’s manufacturing facility was laid in November 2012.
As of March this year, Chery Jaguar Land Rover had recruited more than 1,000 employees with extensive experiences and skills. The number of employees is expected to reach approximately 2,500 by the end of 2014.
Sales of Jaguar Land Rover in China reached 95,237 units in 2013, representing a 30 percent growth over the previous year.