Analysts at last week’s ECG Spring Congress looked at the rise in Chinese vehicle exports to Russia in the wake of the withdrawal of western carmakers following the start of hostilties in Ukraine
Chinese brands Chery, Haval and Geely have all demonstrated outstanding growth, with their sales increasing by 204%, 100% and 129% respectively in the first quarter, compared to the first quarter of 2022. These three brands sold a total of over 48,000 units, nearly a third of the total new car sales in Russia in Q1, 2023.
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