Ambassador: the share of Chinese cars in the Russian market has more than doubled
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At the end of 2022, China exported 162,000 vehicles to Russia, up 33.4% year-on-year, said in an interview “Izvestia” Chinese Ambassador to Russia Zhang Hanhui. According to him, the share of Chinese car brands in the Russian market has more than doubled – from 7% to 19.2%.
“In the field of consumer and consumer electronics, the share of exports to Russia amounted to 4.09 billion, demonstrating an increase of 9.3%. Smartphones, TVs, washing machines, refrigerators and other products of Chinese brands are characterized by both an increase in quality and a high price advantage, and are increasingly favored by Russian consumers,” the diplomat said.
According to the results of March, sales of cars and LCVs fell by 10.6%, up to 48.4 thousand units, calculated in the Association of European Businesses. In particular, the Chinese Great Wall Motors and its Haval increased its market share and sales, taking 11.5% of the market (17.6 thousand cars) in the first quarter. Last month, sales of Haval grew by 100%, to 16.6 thousand units, Great Wall – by 688%, to 1 thousand cars. April 4 Avtotor and Chinese BAIC launched in the Kaliningrad region, the production of the BAIC X35 crossover and the BAIC U5 plus sedan. It is planned to start their sales in the second quarter.
Details – in the material “Kommersant FM” “BAIC pulls up to the market”.
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