Baku, Azerbaijan, July 23
By Fatih Karimov - Trend:
Iranian carmaker, Iran Khodro, will manufacture new cars in cooperation with Chinese state-owned automobile manufacturer Dongfeng Motor Corporation.
Iran Khodro CEO Hashem Yekkeh Zare' said that the share of Chinese partners will not be more than 10 percent in future joint ventures, the Tasnim news agency reported on July 23.
The Iranian carmaker plans to produce 2700 cars in the current Iranian year, which ends in March 2015, he added.
The company is also planning to boost cooperation with Peugeot and find a non-French renowned international partner, as well, he noted.
On May 5, Yekkeh Zare' said Peugeot should end its assembling works and focus on manufacturing products jointly with the Iranian company.
"We want them to transfer technology to us and establish research and development centers in Iran," Yekkeh Zare' said. "We are ready to resume cooperation with Peugeot only if it accepts this framework."
The French car makers Renault SA and PSA Peugeot CitroënSA have taken initial steps toward resuming deliveries to Iran, previously one of their biggest markets.
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