Shanghai, October 15 (Gasgoo.com) A pickup truck recently rolled off the production line at the Iranian plant of Zhejiang Gonow Auto Co., Ltd., the first vehicle that the company made at its overseas operations, hexun.com said today.
The Chinese automaker is producing vehicles in Iran in the form of knocked down (KD). The company started to prepare for building the plant in March 2008 and the mass production is scheduled to start in March 2010.
Gonow Auto, based in the eastern Chinese province of Zhejiang, mainly offers technology to the Iranian plant, which will mostly produce pickup trucks and SUVs.
The output and sales of the plant will come at 15,000 units in the second year, rise 70% from the third year, and reach 50,000 in the fifth year.
In recent two years, Gonow Auto has expanded in the overseas markets. In addition to the Iranian project, it is also working on two KD projects separately in Egypt and Thailand, aiming to cover the East African and ASEAN markets.
