Sunday, June 22, 2014

Iranian, Chinese firms agree to jointly produce cars

The Iran Project - March 10, 2014

ILNA: Iranian Saipa and Chinese Changan car manufacturing companies have agreed to produce two models of cars jointly.  The two sides signed an agreement in this regard at the Changan factory’s site, located in the city of Beijing.  The two models of car will be produced in Saipa Kashan, a subsidiary of Saipa, which has the capacity to produce 180,000 cars per annum.  Iran produced 502,273 cars in the first three quarters of the current Iranian calendar year, which started on March 21.  Iran exported 4,824 sedans during the first nine months of the current solar year, which indicates an 88.97 percent decrease compared to the same period of last year.