Jaguar Land Rover
Britain`s biggest carmaker, which already operates a plant in China as part of a partnership with Chery [CHERY.UL], said the new facility was part of a 10.9 billion yuan ($1.6 billion) investment with the Chinese automaker.
"The new engine plant demonstrates Jaguar Land Rover’s long-term commitment to the Chinese market, providing customers with an exciting range of vehicles and powertrain options, as well as to its joint venture," JLR said in a statement.
The site will make the new Ingenium 2.0-litre four-cylinder petrol engine. China was JLR`s fastest growing market in 2016, accounting for 20 percent of global sales.
JLR, owned by India`s Tata Motors
Earlier this month, the automaker said it would build its new E-PACE compact sport utility vehicle in Austria and China, the first car made for global sale to be built outside of Britain.
Like much of the British car industry, JLR is worried that Brexit could leave its car exports facing lengthy customs delays and tariffs of up to 10 percent, jeopardising the viability of production in Britain.($1 = 6.7635 Chinese yuan renminbi)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)