Automaker eyes Russia, Iran

Company wants to tap into growing global demand for Chinese automobile brands

GAC Motor, a division of the Hong Kong- and Shanghai-listed Guangzhou Automobile Group Co, plans to build car-assembling facilities overseas to meet the increased demand for Chinese homegrown vehicles, a senior company executive said.

"We are conducting research on the sites of the overseas factories in Russia and Iran, to prepare for booming demand for Chinese vehicles," said Wu Song, general manager of GAC Motor.