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Chinese car brands continue to capture the Russian market

  • October 5, 2023
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Passenger car sales in Russia in September increased by almost 149% compared to the same period last year, due to the increased share of Chinese brands. This was

Passenger car sales in Russia in September increased by almost 149% compared to the same period last year, due to the increased share of Chinese brands.

This was reported by Reuters with reference to the Russian analytical agency “Avtostat”, Ukrinform reported.

According to the message, the Russian automobile industry, which is completely dependent on Western investments, equipment and spare parts, has been seriously affected by Western sanctions due to Russia’s invasion of Ukraine: in 2022, most foreign automakers have left the country and new car sales have occurred. Cars in the Russian Federation fell by 59%.

At the same time, “Avtostat”, citing data from a partner consulting company, reported that 110,358 cars were sold in September, compared to 44,398 cars in September 2022.

At the same time, after Lada, the flagship model of the leading Russian automaker Avtovaz, seven of the 10 best-selling cars are occupied by Chinese automakers, primarily Haval, Chery and Geely, which replaced Western brands.

According to Reuters, Chinese companies are also increasing their sales in Russia by establishing assembly lines in factories left by companies such as Renault and Nissan in Russia.

Since the start of Russia’s aggression against Ukraine in 2014 and the first Western sanctions, Moscow has declared an import substitution route. After the outbreak of the Great War in February last year and the withdrawal of almost all Western companies and companies from the Russian market, Russia’s “import substitution route” actually turned into a change in the vector of dependence from the West to the East. , from China.

Currently, the Russian population happily purchases Chinese household appliances, smartphones, cars and many other consumer goods that Russians despised until February 24, 2022.

According to Ukrinform, the vice-president of the European Commission, Valdis Dombrovskis, stated in his meetings with representatives of the Chinese government that Beijing’s attitude towards Russia’s aggression against Ukraine is a decisive factor for the European Union’s future relations with Ukraine. Chinese.

Photo: “Chery”

Source: Ukrinform

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