There are over 25 automakers in Iran, actively producing both light and heavy vehicles. They are in joint venture with companies such as Luxgen (Taiwan), BYD (China), Peugeot, Citroen (France), Volkswagen (Germany), Nissan (Japan), Toyota (Japan), Kia Motors (South Korea), Proton (Malaysia), Chery (China) and many other established producers of light and heavy vehicles such as Renault (France), BMW, Mercedes Benz (Germany), Daewoo and Hyundai (South Korea) have emerged since 1991. Italian carmaker Fiat has also announced of plans to begin production of its Siena sedan in Iran in 2008.