CHONGQING – Chang’an Auto, a Chinese automaker headquartered in the southwestern city of Chongqing, plans to export cars to Iran by the end of the year, a further step in pushing forward the company’s overseas expansion strategy, reported Chongqing Economic Times, citing information from Chang’an International Corp.
Partners in Iran have already been selected, according to the company. Cars made in Chongqing, including independent brand models such as the Eado and the CS, will probably be sold in the Middle East country.
“Overseas market will be a new growth driver of Chang’an although it is not large now,” said Yuan Mingxue, president of Chang’an International Corp.
Zhu Huarong, vice president of Chang’an Auto, said that the company plans to set up manufacturing facilities in Brazil, Russia and Iran and gradually explore Algeria, Chile, Colombia, Peru, Iraq and Ukraine markets.
Chang’an plans to sell 5 million vehicles in 2020, of which, 400,000 will be sold overseas. The company’s overseas sales outlets is planned to be increased to 810 in the next six years, covering almost all first-tier cities in the overseas markets.