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Jaguar Expects Faster Growth in China
2017-12-28
  • SourceChina Daily

     

    Legendary British auto brand Jaguar, one of the fastest-growing premium brands in China, expects even faster growth in 2018 with the addition of its new XEL sedan and the E-PACE SUV next year into its localized portfolio, according to senior company officials.

     

    "Our strategy is very clear. In order to be strongly competitive in the market, you have to have a strong localized base," says Frank Wittemann, president of Jaguar Land Rover China and Chery Jaguar Land Rover Integrated Marketing Sales and Service.

     

    The strategy has been working well. From January to November, Jaguar saw its China sales surge by 82 percent year-on-year, and one of its most important driving forces is the China-made XFL sedan unveiled last year.

     

    James Hu, executive vice-president of Jaguar Land Rover China and Chery Jaguar Land Rover Integrated Marketing Sales and Service, says the stylish and sporty XEL will help Jaguar garner even better growth in 2018.

     

    The XEL, Jaguar"s second China-made model, boasts six variations.

     

    Sporting Jaguar"s latest Ingenium 2.0 liter engine, the sedan has a maximum output of 250 horsepower.

     

    It has a 2,935 millimeter wheelbase, which extends the legroom in the back row by 112 mm. mainly targeting those born after 1985; it competes with the Audi A4L, BMW 3 Series and Mercedes-Benz C-Class sedans.

     

    "We are a relatively new player in China, but we are here to offer new choices. With its class-leading features, we are confident the XEL will improve its position in the market," says Hu.

     

    Jaguar has long made public its ambition to seek an equal footing with the German giants that have dominated China"s premium car market for decades.

     

    Wittemann says some trends in the Chinese market, such as premium car buyers getting younger, offers a good opportunity for Jaguar to develop its following.

     

    "The young, fashionable people in China have different tastes and they also want to stand out. I believe brands like Jaguar and Land Rover have very good chances," Wittemann says.

     

    "When you want to stand out, you need to have something different. Jaguar and Land Rover are something special, something different and outstanding," he adds.

     

    Jaguar"s sister brand Land Rover is also doing a great job making inroads in the Chinese market.

     

    The two brands altogether sold more than 130,000 cars in China in the first 11 months of the year, up by 24 percent from the same period last year - higher than the average growth rate of the premium segment.