Chana Auto Co.

"Chana Automobile and Iran PIDF Group signed the agreement of producing Chanan Benni cars in Iran in Chongqing Changdu Holiday Hotel at 2:30 PM on May 30.This agreement concerns technology transfer, spare parts supply and etc, and also shows that the establishing scale of producing line will achieve 50,000 at the beginning, the final amount will go to 250,000....According to the agreement, Chana will accomplish the preparation work of establishing the production line in Iran at the end of this year, and it will put into production from the beginning of next yea... And it will produce Chana Benni which contains Chana’s full independent intellectual property right by the mode of CKD." (Press Release from Company Website) (http://www.globalchana.com/NewsResult.asp?action=newslist&search=iran)