Chery expected to produce cars in Russia

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According to the Russian state-owned news agency TASS, Vladimir Shmakov, head of Chery‘s Russian branch, revealed that Chery is negotiating with Russian manufacturers to produce cars in Russian factories.

“The top priority in our plan is to localize production in Russia,” Shmakov said. Shmakov also revealed that he hopes to increase Chery’s sales in Russia to around 80,000 to 100,000 units in 2022.

Not long ago, Chery Holding Group released its monthly sales report. In July, Chery Group sold 131,533 vehicles, a year-on-year increase of 57.7%. Among them, exports reached 50,614 units, a year-on-year increase of 90.1%, which also marked Chery becoming the first Chinese brand to export more than 50,000 units in a single month; sales of new energy vehicles reached 25,617 units, a year-on-year increase of 253%. From January to July, Chery Group sold a total of 606,783 vehicles, a year-on-year increase of 19.3%. Among them, a total of 198,859 vehicles were exported, and a total of 137,895 new energy vehicles.

Notably, according to the Association of European Business, Chery’s sales in Russia in 2021 is 40,874 units.