Chery, Johnson plan China auto interiors venture

SHANGHAI, Nov 20 (Reuters) - China's Chery Automobile will set up a joint venture with Johnson Controls Inc. (JCI.N: Quote, Profile, Research) of the United States to make auto interiors, state media said on Monday.

The 50-50 tie-up with Johnson Controls, a major producer of auto interiors and building temperature control systems, will be located in Chery's home city of Wuhu, the official Xinhua news agency said.

Chery, a mid-sized but fast-growing Chinese automaker, will acquire expertise in running its auto parts supply system from Johnson, Xinhua said without giving further details of the venture. A Chery spokesman was not available to comment.