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Russia, the new Eldorado for Chinese manufacturers Auto Plus news in your smartphone Auto Plus news in your inbox

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Russia, the new Eldorado for Chinese manufacturers Auto Plus news in your smartphone Auto Plus news in your inbox

This is one of the consequences the flight of foreign car manufacturers from the Russian market. Chinese manufacturers are gaining momentum in Russia, and in a few months have dramatically increased their market share in the world’s largest country. WITH War in Ukrainemost countries – and in particular the developing countries – had to close its subsidiariesand give up their factories, their premises and their goodwill. Renault, Nissan, Ford, Toyota, Honda, Volkswagenwith “historical” builders in Russia, the door was slammed a few weeks later, shortly after the offensive began. for Renault or pity for example, the deficit is colossal. Russia used to be their second car marketafter France in first place and Germany in second place.

Good for Chinese brands

What is the situation benefits brands from China, which did not break diplomatic and economic relations with Russia. A month ago, we learned that the former Renault factory “Avtofamos” is being launched in Moscow. collection of Chinese models under license. At the same time, when the Russians were reviving their former Soviet brand “Moskvich” in the form of a JAC SUV. At Nissan, which also had a factory in Moscow, the assembly of Lada models is about to begin. In parallel, manufacturers Geely, Chery or even Haval increase sales and registrations in the country.

Russian landscape that can change forever

So these three manufacturers left with about 8,235 registration in January to 16,138 at the end of November! They give themselves almost a third of the Russian cakewith a market share of 31.3%. against 9.6% in November. If Russian manufacturers continue to dominate sales, this is because they are located more at the entry level. Thus creating more volume. But in terms of cost, they are Chinese manufacturers are winning. They actually occupied the upper segments previously occupied by Western manufacturers. According to estimates, Chinese brands (including Moskvich) can account for 35% of the market share in 2023. The market is valued at 800,000 cars. Since then, Russia has been China’s sixth trading partner for the export of cars and auto parts. Given the recent mass influx Chinese brands and models in Western Europe, including in France, the Chinese attack on Russia may be unprecedented. She could shuffle cards and irreversibly changing the automobile landscape of Russia.

Author: Quentin Panno
Source: Auto Plus

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