Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen and Mercedes.
Chinese carmakers have grabbed more than half of Russia's car market in terms of sales since most Western counterparts abandoned the country following Moscow's February 2022 invasion of Ukraine.
Now, they are extending their reach to account for more of Russia's domestic production, too, highlighting how Beijing is playing a more influential role in Russia's changing manufacturing landscape and economy since the invasion.
In addition to finished car imports into Russia, Chery, which makes up almost a fifth of Russia's passenger car sales, is importing nearly finished cars and completing the assembly in three Russian factories.
China's biggest car exporter is likely to be betting on strong demand in the country as Russia's domestic market struggles with limited output and underused production capacity, the source
Chinese carmakers have grabbed more than half of Russia's car market in terms of sales since most Western counterparts abandoned the country following Moscow's February 2022 invasion of Ukraine.
Now, they are extending their reach to account for more of Russia's domestic production, too, highlighting how Beijing is playing a more influential role in Russia's changing manufacturing landscape and economy since the invasion.
In addition to finished car imports into Russia, Chery, which makes up almost a fifth of Russia's passenger car sales, is importing nearly finished cars and completing the assembly in three Russian factories.
China's biggest car exporter is likely to be betting on strong demand in the country as Russia's domestic market struggles with limited output and underused production capacity, the source
5 months ago
