Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia.
Chinese automakers face increasing tariffs in other regions.
Chinese cars are selling at record levels in Russia, according to data from Russian analytics agency Autostat, reported by The Financial Times.
AdvertisementIn the first nine months of 2024, Russia imported 849,951 vehicles from China, the FT reported, citing China Passenger Car Association data.
The sales boom in Russia comes as Chinese automakers face rising obstacles in other regions.
Persons:
carmakers, Ilya Frolov, didn't
Organizations:
The Financial Times, Chery, Geely, Russia, Lada, China Passenger Car Association, EU
Locations:
Russia, Moscow, Ukraine, Russian, China, Mexico, Brazil, Southeast Asia, Japan, Germany