Australia’s Avass Group establishing joint Iran EV project

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An agreement to make electric vehicles and motorcycles in Iran has been signed by Australia’s Avass Group.

The Melbourne-based group has signed a memorandum of understanding (MoU) with Iran’s Industrial Development and Renovation Organisation (IDRO) to jointly make EVs, the Tehran Times reports.

Under the MoU, Avass will invest 100 million euros (A$161.3m) for the joint manufacturing of the products.

Avass will use Iran as a production and export centre in the West Asia, Central Asia and Russian region, IDRO international affairs director Seyed Ali Araqchi says.

The Avass Group is establishing a global presence with its innovative electric products, group commercial manager Chris Cox says.

“The Islamic Republic of Iran has a population of 82 million people. In fact, the capital city of Tehran has a population of at least 20 million people. What has proven to be attractive to the Iranian transport organisations is the combination of Australian technology and Australian management systems at an affordable global price point.”

Cox says the Avass Group is looking forward to a long-term presence in Iran and the surrounding regions.

“The orders in Iran are significant, as are markets in Indonesia and Hong Kong that reflect the confidence in the Avass brand as the global leader in electric commercial vehicles and electric buses.

“Our focus is now our own backyard – Australian technology for the markets of New Zealand and Australia.”

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