IKAP (Iran Khodro Automobiles Peugeot) is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

company between

Iran Khodro Iran Khodro ( fa, ایران‌خودرو, ''Irân Xodro''), branded as IKCO, is an Iranian automaker headquartered in Tehran. IKCO was founded in 1962 as Iran National (, ''Irân Nâsionâl''). The public company manufactures vehicles, includin ...

and

Stellantis Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50–50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The comp ...

, based in

Tehran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...

and established in 2016. it produces some

Peugeot Peugeot (, , ) is a French brand of automobiles owned by Stellantis. The family business that preceded the current Peugeot companies was founded in 1810, with a steel foundry that soon started making hand tools and kitchen equipment, and the ...

models and imports other models in CBU for Iran market. The purposes of creating this company are manufacturing new Peugeot products in Iran and exports to

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

and then the creation of Peugeot's production hub in West Asia. Products of this company in the first phase will be

Peugeot 2008 The Peugeot 2008 is a subcompact crossover SUV (B-segment) produced by the French automaker Peugeot. Unveiled at the 2013 Geneva Motor Show and positioned below the 3008, the first 2008 replaced the Peugeot 207 SW, as Peugeot did not release an ' ...

Peugeot 208 The Peugeot 208 is a supermini car (B-segment in Europe) produced by the French automaker Peugeot. Unveiled at the Geneva Motor Show in March 2012 and positioned below bigger 308 and above smaller 108. The 208 replaced the 207 in 2012, and the ca ...

Peugeot 301 The Peugeot 301 is a Subcompact (B-segment) sedan produced by the French automaker Peugeot since 2012. It was announced to the public in May 2012, with an official launch that took place at the Paris Motor Show in September. The 301 is built at ...

and

Peugeot 508 The Peugeot 508 is a mid-size/large family car produced by the French automaker Peugeot, and followed by the 508 SW, an estate version, in 2011. Production of the 508 began in 2010 as an indirect replacement for the 407 and 607, for which no d ...

References

{{Stellantis Car manufacturers of Iran Iran Khodro Stellantis Joint ventures