Changan Automobile Co. Ltd.

“Chongqing Changan Automobile Co, a China partner of Ford Motor, said on Friday it plans to assemble compact cars in Iran starting next year as it speeds up expansion overseas. Changan's compact Benni, which it developed in-house, will be assembled at a facility near Tehran beginning in the first half of 2009, targeting the local market, the Chinese company said in a statement. The facility, to be built by its partner Pars Industrial Development Foundation, will have initial annual capacity of 50,000 units, rising to 250,000 eventually, it said. Changan, which runs a three way tie-up with Ford and its Japanese affiliate Mazda Motor, is among a growing number of ambitious Chinese automakers hoping to build up a global brand name. It aims to sell 200,000 vehicles overseas in 2010, up sharply from roughly 50,000 last year, a company spokesman said.” (Reuters, “China's Changan to assemble compact cars in Iran,” 5/30/08) (http://www.reuters.com/article/2008/05/30/changan-iran-idUSSHA22446520080530)

Changan Automobile appears in 2017 Tehran Auto Show that took place in November 2017. (http://www.globalchangan.com/article/news_content_334.html)

On its company website, Changan lists six overseas plants, including in Iran and America. (http://www.globalchangan.com/About/Charming_3.shtml)

“Iranian Saipa and Chinese Changan car manufacturing companies have agreed to produce two models of cars jointly, ISNA reported on March 8 The two sides signed an agreement in this regard at the Changan factory's site, located in the city of Beijing. The two models of car will be produced in Saipa Kashan, a subsidiary of Saipa, which has the capacity to produce 180,000 cars per annum…On Feb. 18, Ali Ali-lou, a member of the Iranian parliamentary Industries and Mines Committee, said Iran was planning to cut car import tariffs to zero in two year period. He said the measure was necessary to boost domestic production and make the auto industry competitive with its counterparts worldwide, according to Al-monitor website…In the fiscal year ending on March 2013, Iran's vehicle production fell to 920,000 units, down from 1.65 million in the previous 12 months. Over the past 11 months, production has declined even further to about 655,500 due to external shocks, stemming from the intensification of trade and financial sanctions since 2011, coupled with macroeconomic and microeconomic mismanagement. Iranian auto manufacturers hope that the sanctions relief announced in January will provide a breath of fresh air to the sector, which has shed 115,000 to 130,000 workers since July 2011.” (Trend, “Iranian, Chinese firms agree to jointly produce cars,” 3/10/14) (http://en.trend.az/capital/business/2250953.html)

"Managing Director of SAIPA auto manufacturing company said with regard to the existence of proper infrastructures in the country the government has put support for foreign investment on its agenda. Saeed Madani, speaking at the second International Conference on Auto Industry, further remarked that SAIPA auto manufacturing group is capable of manufacturing 945 thousand vehicles in the country plus 46 thousand in foreign sites such as Syria, Iraq, Venezuela and Sudan... He said negotiations have been held with Volvo and expressed hope that manufacture of this brand will commence jointly, adding that at present SAIPA has joint cooperation with Renault, Nissan, Kia, Brilliance and Chang'an." (IRNA, "Support for Foreign Investment in Auto Manufacturing Industry," 12/1/14) (http://www.irna.ir/en/News/81409301/)

In 2001, Changan Automobile Co. Ltd. engaged in a joint-venture with American car manufacturer Ford. Together the two auto companies created Changan Ford Automobile Co., Ltd. According to Changan's company website, in 2003 "It was renamed ‘Changan Ford Mazda Automobile Co., Ltd.’ (Changan Ford Mazda Automobile) when Mazda Automobile participated in shareholding of Changan Ford Automobile. The three way equity was 50% for Changan, 15% for Ford and 15% for Mazda." (Company Website) The Changan Ford Mazda Automobile Co., Ltd plant is listed on Ford's Website. (http://www.globalchangan.com/About/cooper.shtml) (http://corporate.ford.com/our-company/operations-worldwide/global-operations-detail/china-assemblyplants-changanfordmazdaautomobile)

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