Russia is facing a tsunami of cheap Chinese cars
- January 31, 2023
- 0
2022 on the Russian car market was marked by bulging eyes of buyers. Our new car price tags in showrooms are so great – including those of “heavenly”
2022 on the Russian car market was marked by bulging eyes of buyers. Our new car price tags in showrooms are so great – including those of “heavenly” production. Whoever in 2021 did not get round to buying a Chinese “rattle on wheels” that was 50% more expensive than before, already bit his elbows in 2022. Because brands from the PRC started to get even more “hurt” from their self-driving carts since spring of last year. Nevertheless, the AvtoVzglyad portal predicts a change in this trend.
The blatant profit of the Chinese in the Russian car market may come to an end this year. This should be facilitated by the economic processes taking place in China itself. Fu Bingfeng, executive vice president of the China Automobile Manufacturers Association, told the local China Daily that China’s auto exports are currently experiencing an explosion. And that in 2023 the foreign sales of their vehicles should set a new record.
Recall that until 2021, China’s car exports remained at the level of about 1 million units per year for quite a long time. By the end of 2021, it doubled to 2 million and in 2022 export statistics added about a million, reaching 3.11 million vehicles sold abroad. Oddly enough, last year’s growth of 54% took place against the backdrop of a minimal increase in total sales of the “heavenly” auto industry (including the country’s domestic market) – by only 2.1%.
It’s worth considering that the Chinese have set foreign trade records in recent years in the context of coronavirus lockdowns, a global shortage of semiconductors and global problems with logistics. But in early 2023, Chinese authorities officially toppled COVID-19 from the pedestal of a terrible infection to the status of a seasonal flu of sorts.
Accordingly, goodbye mass lockdowns. And recently it suddenly became clear that the global semiconductor shortage, which the entire industry, including the automotive industry, was suffering from, had also somehow suddenly disappeared. Global news agencies are reporting that microchip suppliers are experiencing a 30-50% drop in demand for their products. The Chinese economic “pot”, well warmed by the absence of annoying restrictions and richly filled with cheap electrical circuits, threatens not only to “boil” this year, but to “escalate” outright! Scattering of “foam” in all world markets, including automotive.
The Russian has to get ready. We’re in the area. And extremely hungry for the past year. The “brew” of China’s overheated auto industry is now coming in handy. That’s just the already known range of cars supplied from the Middle Kingdom can change a lot. To break our restrictive import duties, the Chinese will be forced to bring the very best “deshman” in their market to the Russian Federation. Something like the disgusting Chery Amulet, but in a modern interpretation.
And our mass car “People” will have to “chop” this. Only because the alternative to the budget “China” in the form of a new LADA Granta for 1 million rubles will inspire few Russians. Too fresh in people’s memories of the consumer properties of “foreign” Hyundai Solaris, Kia Rio and Volkswagen Polo …
globallookpress.com’s photo
The blatant profit of the Chinese in the Russian car market may come to an end this year. This should be facilitated by the economic processes taking place in China itself. Fu Bingfeng, executive vice president of the China Automobile Manufacturers Association, told the local China Daily that China’s auto exports are currently experiencing an explosion. And that in 2023 the foreign sales of their vehicles should set a new record.
Recall that until 2021, China’s car exports remained at the level of about 1 million units per year for quite a long time. By the end of 2021, it doubled to 2 million and in 2022 export statistics added about a million, reaching 3.11 million vehicles sold abroad. Oddly enough, last year’s growth of 54% took place against the backdrop of a minimal increase in total sales of the “heavenly” auto industry (including the country’s domestic market) – by only 2.1%.
It is worth considering that the Chinese have been setting foreign trade records in recent years in the context of coronavirus lockdowns, a global shortage of semiconductors and global problems with logistics. But in early 2023, Chinese authorities officially toppled COVID-19 from the pedestal of a terrible infection to the status of a seasonal flu of sorts.
Accordingly, goodbye mass lockdowns. And recently it suddenly became clear that the global semiconductor shortage, which the entire industry, including the automotive industry, was suffering from, had also somehow suddenly disappeared. Global news agencies are reporting that microchip suppliers are experiencing a 30-50% drop in demand for their products. The Chinese economic “pot”, well warmed by the absence of annoying restrictions and richly filled with cheap electrical circuits, threatens not only to “boil” this year, but to “escalate” outright! Scattering of “foam” in all world markets, including automotive.
The Russian has to get ready. We’re in the area. And extremely hungry for the past year. The “brew” of China’s overheated auto industry is now coming in handy. That’s just the already known range of cars supplied from the Middle Kingdom can change a lot. To break our restrictive import duties, the Chinese will be forced to bring the very best “deshman” in their market to the Russian Federation. Something like the disgusting Chery Amulet, but in a modern interpretation.
And our mass car “People” will have to “chop” this. Only because the alternative to the budget “China” in the form of a new LADA Granta for 1 million rubles will inspire few Russians. Too fresh in people’s memories of the consumer properties of “foreign” Hyundai Solaris, Kia Rio and Volkswagen Polo …
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
