Neftchala, Azerbaijan, April 5
By Ilkin Shafiyev - Trend:
The cost of cars to be produced at the Khazar joint automobile plant of Azerbaijan and Iran, located in the Neftchala industrial park, will amount to 14,000-16,000 manats, the chairman of the Board of AzerMash, a co-owner of the plant, Emin Akhundov, told reporters on April 5.
By the end of 2018, the plant plans to launch production of new models, which will cost a little more - 18,000-20,000 manats, he noted.
Production of Dena, Rana, Soren and Samand brands, as well as a number of Peugeot models is established at the plant. The annual capacity of the plant will be about 10,000 cars. In the future, it is planned to deliver cars to Ukraine, Russia and the countries of Central Asia.
Iran Khodro and Azerbaijan’s AzEuroCar LLC (a subsidiary of AzerMash) signed an agreement on the establishment of a joint automobile plant in the Neftchala industrial park in on Aug.6, 2016. The total cost of the project is estimated at 24 million manats.
The Azerbaijani side made 75 percent of investments in the plant, and 25 percent - the Iranian side.
(1 USD = 1.7AZN on April 5)