Iran Khodro in talks with LG to make Electric Vehicles

By John Lee.

Iran Khodro‘s CEO Hashem Yekke-Zare has told Bloomberg that his company is in talks with South Korea’s LG International to develop electric vehicles for the Iranian market, adding that a deal may be reached by autumn.

The Korean company would supply batteries and other components and install charging stations, while Iran Khodro would make the cars.

They aim to produce 60,000 vehicles by 2023.

(Source: Bloomberg)

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