The Nakhchivan Automobile Plant was founded in 2006 and operates in the automotive industry. In May 2009, during the China-Azerbaijan business forum held in Beijing, the company signed a cooperation agreement with the CHONGQING LIFAN INDUSTRY (GROUP) IMP. & EXP. CO., LTD. automobile corporation. Based on this agreement, the production of LIFAN brand passenger cars began in the city of Nakhchivan.

The company started its operations on January 11, 2010. The workforce consisted of 50 employees in 2010. The company’s headquarters is located in the city of Nakhchivan. It operates as part of the Cahan Holding group.