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Reports: Jaguar Land Rover's multi-billion pound Chinese venture gains approval

Jaguar Land Rover
JLR and Chery's £1.2 billion venture has been approved Credit: PA

Reports in China suggest that West Midlands-based Jaguar Land Rover's $1.9 billion (£1.2 billion) venture with Chinese automaker Chery has gained approval from the National Development and Reform Commission.

JLR, which has factories in Castle Bromwich and Solihull, and Chery will build a new plant in Changshu (100km from Shanghai) which will produce 130,000 vehicles a year.

Jaguar's £1.5b profit helped by China

Jaguar Land Rover has reported a 35% rise in its surplus for the year to the end of March. Credit: PA

Jaguar Land Rover has recorded pre-tax profits of £1.5billion for the year to the end of March.

The Midlands-based manufacturer says nearly one in five of the cars sold are in China.

The company, which is owned by Indian company, Tata Motors believe sales were boosted by strong demand for its Range Rover Evoque.

The Range Rover Evoque Credit: PA

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