Sales of Chinese cars in Russia have hit fresh records after the country became the largest export destination for the Asian nation’s automakers when sanctions forced western brands to cut ties with Moscow.
Surging in Russian sales have helped Chinese carmakers at a time when Beijing faces higher tariffs on electric vehicle exports from Washington and Brussels — while engineering a rapid change in Russian auto culture.
Moscow’s full-scale invasion of Ukraine sparked a sharp decline in sales of vehicles from the European, Korean and Japanese carmakers that previously dominated the country’s car market.
At the time of the full-scale invasion in February 2022, their brands made up 69 per cent of all sales, according to the Avtostat analytics agency. They now have a market share of just 8.5 per cent, while Chinese manufacturers’ share over the same period has risen from 9 per cent to 57 per cent.
That is massive, damn. Completely switched places.