When French auto companies Renault and PSA Group (Peugeot and Citroen) started leaving Iran last year, observers held the strong view that Chinese companies would rush to expand and take their place. Official data shows otherwise.
The number of cars made in Iran in collaboration with Chinese firms declined 9.9% during the nine months to December 2018 compared to a year earlier.
Data released by the Ministry of Industries show that during the period, 144,148 Chinese-derived cars were produced -- a slight decline from last year’s 159,916.
January 30, 2019 18:22
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Iran-China Automotive Ties Show Signs of Deterioration
The number of cars made in Iran in collaboration with Chinese companies declined by 9.9% during the nine months to December 2018, compared to a year earlier
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