China's Chery to Supply Tech for JSW's Own EVs

CHINA'S CHERY AUTOMOBILE will supply technology and components to billionaire Sajjan Jindal's JSW Group to help launch a new-energy vehicle brand in India by 2027, according to people familiar with the matter.

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Under an agreement between the two companies, JSW will pay Chery a one-off technology transfer fee and recurring royalties, said the people, who asked not to be identified because the information is private. There is no equity arrangement, in line with India's r