Iran Khodro signs int'l deal on new platform
Tehran, Iran, May 9
By Mehdi Sepahvand - Trend:
Iran’s giant carmaker Iran Khodro signed a contract with a consortium of some 10 companies to jointly produce a modern platform that will enable the company to manufacture 23 models from sedans to pickups and SUVs in 10 years.
The first product using this platform will be produced in 2.5 years, said Hashem Hekkeh Zare, Iran Khodro CEO at a conference with the consortium members, Trend's correspondent reported from the event May 9.
The conference was also attended by Minister of Industry Mohammad Reza Nematzadeh, Minister of Science Mohammad Farhadi, Car Part Makers Association Chairman Reza Rezaee, Parliament Industries Commission Head Aziz Akbarian, representatives from the German companies Benteler and Mahle, Korea’s Hyundai Powertech and Punch Powertrain, Italy’s Pininfarina.
The platform will be a state-of-the-art product that supports a hybrid power system design, allowing a manufacturer to adjust the wheelbase and track of a car.
The contract comes thanks to the Iran nuclear deal of 2015 that lifted economic embargos off the Islamic Republic.
In 2016 Iran Khodro and other major Iranian carmaker Saipa produced a total of 1.4 million cars for the domestic market and nearby countries.