Chinese car manufacturing companies do not impact the Iranian car industry, according to Hashem Yekezare, president of Iran’s largest carmaker Iran-Khodro Company (IKCO).
“The company has limited cooperation with the Chinese reaching a maximum of 10%,” Yekezare said, speaking of IKCO.
“The share of Chinese products in IKCO’s offering will not exceed that figure in the next three to four years,” Yekezare told Fars News Agency.
Partnering with Chinese automakers has only produced full completely knocked-down (CKD) assembly of Chinese cars in Iran.
“Chinese companies cannot provide Iranian automakers with substantial help in the next four to five years,” he said.
Yekezare added IKCO’s company’s foreign cooperation will lead to the promotion of Iranian part makers around the world.
“We are determined to produce 600,000 sets of vehicles by the end of the year, but the company’s H1 production reached 275,000 sets, which is almost twice as many cars as it produced in the same period of last year,” he said.
“We should believe that high quality and technology is our economy’s way out, through which export to other countries would materialise.”