IKAP explained

IKAP (Iran Khodro Automobiles Peugeot) is a joint venture between Iran Khodro and Stellantis, based in Tehran; it was established in 2016.^[1] It produces some Peugeot models and imports other models in CBU for Iran market.^[2]

The company was created to manufacture Peugeot products in Iran and export them to the Middle East and to serve as Peugeot's production hub in West Asia.^[3] Initial products were Peugeot 2008, Peugeot 208, Peugeot 301 and Peugeot 508.

Notes and References

1. Web site: IKCO-Peugeot Joint Venture (IKAP) Starts Working. 22 June 2016. irankhodro.ir. 21 October 2017. https://web.archive.org/web/20171021004023/http://www.irankhodro.ir/en/News.aspx?ID=18877. dead.
2. Web site: Competitive Advantages of IKAP Vehicles. 14 September 2016. ikco.ir.
3. Web site: Iran to be Peugeot's Manufacturing Hub in ME, Africa. 16 September 2016. iran-bn.com.