Beijing Automotive Group (BAIC)


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Foton Motor Co.

"The Chinese automaker, BIAC, plans to set up a car plant in Iran in the next year, the ISNA news agency reported on Wednesday. The representative of BIAC in Iran, whose name was not mentioned, said that the plant will be established through a joint venture between BIAC and Iranian Diar Khodro car manufacturing company. He said that the company's long-term plan is to manufacture 100,000 passenger cars in Iran by 2020, and export a number of those cars to the Middle East countries." (Tehran Times, Chinese automaker to set up car plant in Iran, 6/11/2014)