Ambitious Iran JV Envisages Electric Vehicle Production

February 9, 2020
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M ajor Iranian automaker SAIPA forged an agreement with MAPNA Group this week to develop and commercialize electric vehicles in the hope of reducing fossil fuel consumption and curbing air pollution in megacities.

Abbas Aliabadi, the managing director of MAPNA, and Seyyed Javad Soleimani, CEO of SAIPA, signed an ambitious deal on Wednesday for designing and manufacturing parts, making prototypes, conducting tests and commercializing electric vehicles, Saipanews.com reported.

During his visit to SAIPA's Research Center, Aliabadi pointed to the company's efforts on upgrading their production technology and said, 'A totally different future awaits the company when EV production starts.'

The MAPNA chief, however, did not mention a timeframe for the EV production.

financialtribune



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