New Car Plant And Domestic Model Fight Sanctions

In line with BMI's view that the auto industry will continue to invest in new capacity, Iran has opened what it claims is the Middle East's largest car plant, which will enable the country to produce a new domestic model and offset the effects of international sanctions. The US$350mn (IRR4trn) plant in Kashan, established by state-run Saipa, will have an annual production capacity of 150,000 units.

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