Iranian, Chinese firms agree to jointly produce cars
Iranian Saipa and Chinese Changan car manufacturing companies have agreed to produce two models of cars jointly, ISNA reported.
The two sides signed a relevant agreement 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.
The country 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.
The value of the exported cars was around $33 million which is 87.24 percent less than in the same period of last year, according to the Iranian Custom Administration's latest monthly report released on Dec. 28.
Iran has exported 2542, 1147 and 612 sedan cars to Iraq, Azerbaijan and Egypt respectively during the period.
Iran has imported 33,899 cars from the UAE, 7,099 cars from China and 1,529 cars from Kuwait during the period.
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