JLR is in serious talks with a Chinese car maker and government officials about forming a joint venture to produce its cars in China.

A deal with a Chinese company would mark a historic moment for the British car maker, with Jaguars and Land Rovers being produced outside its traditional Midlands base.

Sales of the cars are soaring in Asia, and China accounted for more than 10pc of sales in the last financial year, when JLR made a record pre-tax profit of £1.1bn and sold 245,000 cars.

Management of JLR and parent company Tata Motors have been eyeing a joint venture in China for months in order to save import costs on vehicles sold in the region.

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