China and Iran signed biggest ever auto export contract

China National Heavy Duty Truck Group Co., Ltd (CNHTC) singed a $350 million auto exports deal with Iran Khodro Industrial Group on February 21. This is so far the largest export deal inked by a Chinese auto company.

In accordance with the contract, CNHTC will export 10,000 Sinotruck-H7 heavy duty trucks to the Iranian car manufacturer this year and will increase the exports by 5% to 20% in the coming 10 years.

The two sides will set up marketing and after-sale service networks for the Sinotruck heavy duty trucks in Iran.

By People's Daily Online