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Chinese carmaker negotiating to launch assembly lines in Iran

Business Materials 18 October 2014 16:58 (UTC +04:00)
Chinese state-owned automobile and commercial vehicle manufacturer JAC Motors is negotiating with Iran’s Kerman Khodro car manufacturing group to produce J2 and P1 cars in Iran.
Chinese carmaker negotiating to launch assembly lines in Iran

Baku, Azerbaijan, Oct.18

By Fatih Karimov - Trend:

Chinese state-owned automobile and commercial vehicle manufacturer JAC Motors is negotiating with Iran's Kerman Khodro car manufacturing group to produce J2 and P1 cars in Iran.

JAC vice chairman said the company exported over 8,000 cars to Iran in the first six months of the current year, Iran's Fars news agency reported on October 18.

He said Iran is one of the main markets for JAC products.

The Iranian Auto Parts Manufacturers Union has proposed a plan to Iran's industry ministry according to which imports of car from countries which imposed sanctions against Iran's car industry will be banned.

Arash Mohebbinejad, the secretary of the Iranian car part makers union, said the plan dubbed "the car import management plan" envisages that the importation of cars from countries which imposed sanctions against Iran's car industry will be banned, Iran's ISNA news agency reported on September 30.

Currently, the highest number of cars is imported from Germany, Japan, and South Korea to Iran. The three countries had joined the US-led sanctions against the Iranian car industry.

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