article thumbnail

Iran announces first lithium reserve in country; projected 8.5 million tonnes

Green Car Congress

Iran’s Ministry of Industries, Mining and Trade recently announced that the country has discovered its first lithium reserve, in Qahavand in Hamedan province. million tons of lithium; if realized, this would rank Iran behind Chile (11 millions tons) and ahead of Australia (7.9 The reserve is believed to hold 8.4

Iran 334
article thumbnail

Volkswagen starts automotive business in Iran

Green Car Congress

Volkswagen will begin the sale of vehicles in Iran in August. The privately-owned local partner Mammut Khodro—also the official Iranian importer for the Volkswagen Group’s Scania brand—will import Volkswagen brand vehicles into Iran and initially distribute them through eight dealers, focusing on the Teheran region.

Iran 150
article thumbnail

PSA Peugeot Citroën to create a joint venture in Iran with Iran Khodro

Green Car Congress

PSA Peugeot Citroën, which has operated in Iran for more than 30 years, and Iran Khodro signed a joint venture agreement to produce latest-generation vehicles in Iran. The agreement provides for: The restoration of contractual relations concerning the manufacture of Peugeot-branded vehicles currently produced in Iran.

Iran 150
article thumbnail

Groupe Renault forms JV in Iran

Green Car Congress

Groupe Renault, IDRO and PARTO NEGIN NASEH Co (NEGIN Holding) are forming a new joint venture company in Iran to boost Renault's presence in the country and step up the brand’s growth. Groupe Renault has been present in Iran since 2003 through a joint venture with SAIPA and IRAN KHODRO.

Iran 150
article thumbnail

Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. Iran, OPEC’s third-largest producer, is trying to convince its oil customers to continue buying Iranian oil despite stringent U.S. by Tsvetana Paraskova for Oilprice.com. sanctions kick in.

article thumbnail

Iran negotiations, OPEC meeting loom for oil markets

Green Car Congress

With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. Iran has signaled its willingness to accept international inspections of its nuclear program and the possibility of receiving enriched uranium from abroad.

Iran 236
article thumbnail

Terra Motors starting electric two-wheeler sales in Iran

Green Car Congress

Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.

Iran 240