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Iran

Iran Sanctions Push Fuel Prices Higher

The national average gasoline price moved sharply higher for the week ending May 14, following the Trump administration's decision to withdrawal from an Obama-era nuclear deal and reimpose sanctions on the country.

Chery Now No. 1 OEM in Iran

Chinese auto manufacturer Chery is now the largest foreign automaker in Iran with a cumulative output and sales volume of over 200,000 units.

BYD Partners with Iranian Car Manufacturer

China’s BYD will supply pure electric vehicles to Iran. BYD said its commercial initiatives in the Middle East and Africa presently include energy storage, new energy vehicles, and solar power generation.

Renault Initiates Joint Venture in Iran

Renault announced that an agreement has been signed for the creation of a joint venture with the Industrial Development & Renovation Organization of Iran (IDRO). Renault will be the majority shareholder.

Chery Arrizo 5 Completes World Tour in Iran

The Iran leg of Chery Arrizo 5 Global Media Test Drive recently been wrapped up. In addition to Iran, the test drive covered markets in Chile, China, Saudi Arabia, Brazil, the UAE, and Peru.