Financial Tribune - Despite the new US sanctions and economic challenges Iran is facing, Chinese carmaker Chery, is not only sustaining ties with the country but has also launched a new model in the fledgling auto market.

During a bash held in Tehran Friday, Chery unveiled a new sedan model Arizzo 6. A press conference was held on the sidelines where Chery deputy chief Xu Qing Song and his local managers outlined future plans, the auto website Asre Khodro reported.

Established 15 years ago under the brand name Modiran Vehicle Manufacturing Co (MVM), Chery offers a wide range of cars in Iran. Initially, its vehicles were offered with the MVM badge. Since 2015 its own logo is also used in Iran.