Autostat, a Russian auto market analysis agency, stated that Chinese brand cars accounted for about 33.4% of the total sales in the Russian market in November, a record high.
Sales of new passenger cars and light commercial vehicles (LVCs) in Russia have fallen by almost 61% year-to-date so far this year due to the sanctions. At the same time, the sales of Chinese brand passenger cars including Haval, Chery and Geely surged in Russia, reaching 16,138 in November, almost double the 8,235 in January this year, and their market share in Russia also soared from 9.6% to More than 30%.
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After many overseas brands withdrew from the Russian market, the market is gradually being occupied by local Russian brands and Chinese brands. Among them, Russian brands mainly occupy the market below 1.5 million rubles, while Chinese brands focus on 2.5 million rubles
