Reporting "Asre Khodro", The partners say over €۳۰۰m will be invested in manufacturing and R&D capacity over the next five years, and the deal includes technology transfers and sourcing a high level of local content.
Manufacturing will take place at the Kashan plant in Iran, which will be ۵۰%‑owned by PSA Group. It’s stated that this facility offers flexible industrial processes and operates with high environmental standards (water-soluble paints for example).
Initially Citroën models will be imported beginning in early ۲۰۱۷ followed by the production of three vehicles adapted for the Iranian market in ۲۰۱۸.
Source: automotivemanufacturingsolutions.com
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