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In the first quarter of 2023, Russians bought more Chinese automobiles than Ladas, the country’s most popular locally produced car. This demonstrates Beijing’s expanding influence in Russia’s economy as Western automakers flee the country.
Chinese Automakers Outsell Russia’s Lada in Q1 of 2023 Read More
Russia and Toyota announced on Friday that the Japanese automaker’s St Petersburg plant had been handed over to state entity NAMI. Moscow is acquiring more assets from global automakers abandoning Russia due to the Ukraine conflict.
Russian State Acquires St. Petersburg Plant from Toyota of Japan Read More
Chinese manufacturers now make up more than 38% of new car sales in Russia, according to a recent report by Autostat Analytic Agency. The share was just around 9.6% in January 2022 before the Russian invasion of Ukraine began.
Chinese Brands Account for Nearly 40% of New Car Sales in Russia Read More
According to the state-run TASS news agency, Denis Manturov, Russia’s Minister of Industry and Trade, Toyota’s Saint Petersburg factory may be transferred to the Russian state organization NAMI.
Russia May Take Over Toyota Plant in St.Petersburg Read More
Chinese cars are becoming increasingly popular in the Russian market following the exodus of major car companies. In 2022 alone, 487 new Chinese vehicle dealerships were opened in Russia, bringing the total number to 1,041, accounting for almost one-third of the total number of Russian car dealers.
100 Chinese Automakers May Enter the Russian Market in 2023 Read More
Saipa, Iran’s second-largest carmaker, has secured a contract worth $450 million to export 45,000 cars to Russia.
Iran Signs $450m Deal to Export Cars to Russia Read More
Sales of new cars in Russia were cut to half last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine, with production plunging, prices soaring, and buyers switching to cheaper used models.
Used Car Sales Flourish as Sanctions Pummel Russian Auto Sector Read More
Russian auto sales are on track to finish 2022 at 660,000 units, a 60% decline from 1.7 million in 2021 and the worst result in the industry’s modern history, according to Association of European Businesses data.
How Russia is Looking to Revive its Reeling Auto Industry Read More
The former Nissan car plant in St. Petersburg, Russia, will be run by AvtoVAZ, with production planned to start in 2023, according to reports citing Deputy Prime Minister and head of the Russian Ministry of Industry and Trade Denis Manturov.
AvtoVAZ to Build Cars at Nissan Plant in Russia Read More
Chinese brands account for almost a third of Russia’s car market, data shared with Reuters shows, as the sector more than any other shows China’s growing importance to the economy following the exodus of Western companies.
Chinese Grab Russian Car Market Share After Western Rivals Exit Read More