14.07.2023, 09:26
Russia has become the largest market for China
Source: OREANDA-NEWS
OREANDA-NEWS Russia has become China's largest car sales market. In five months of this year, the Chinese sold almost twice as many cars to the Russians as in the whole of last year. The number of Chinese brands that have come to conquer the Russian market has already reached almost 20, and they continue to grow. The Chinese are building very ambitious plans to conquer not only the Russian, but also the entire global car market.
For the whole of 2022, China exported about 162 thousand cars to Russia. And for five months of 2023 – almost 300 thousand (287 thousand) finished cars. Such data is provided by the Chinese Association of Automobile Manufacturers.
Russia has become the number one sales market, overtaking Mexico, where almost half as many cars were sold – 159 thousand cars in five months of this year. Mexico is now in second place. Belgium (120 thousand), Australia (101 thousand), Great Britain (90 thousand) also entered the top five. Saudi Arabia (87 thousand) is in sixth place, followed by Thailand (69 thousand), the UAE (60 thousand), Spain (58 thousand), the Philippines (58 thousand). Chinese automakers began to conquer foreign markets so actively that Western automakers began to worry about this. China may overtake the United States and South Korea and become the second exporter of passenger cars in the world, Bloomberg wrote. In three years from 2020, China has already tripled the supply of cars manufactured in China abroad to more than 2.5 million by the end of 2022. This is only 60 thousand less than Germany, whose exports have only been falling in recent years. Japan is ahead by a serious margin, of course.
For the whole of 2022, China exported about 162 thousand cars to Russia. And for five months of 2023 – almost 300 thousand (287 thousand) finished cars. Such data is provided by the Chinese Association of Automobile Manufacturers.
Russia has become the number one sales market, overtaking Mexico, where almost half as many cars were sold – 159 thousand cars in five months of this year. Mexico is now in second place. Belgium (120 thousand), Australia (101 thousand), Great Britain (90 thousand) also entered the top five. Saudi Arabia (87 thousand) is in sixth place, followed by Thailand (69 thousand), the UAE (60 thousand), Spain (58 thousand), the Philippines (58 thousand). Chinese automakers began to conquer foreign markets so actively that Western automakers began to worry about this. China may overtake the United States and South Korea and become the second exporter of passenger cars in the world, Bloomberg wrote. In three years from 2020, China has already tripled the supply of cars manufactured in China abroad to more than 2.5 million by the end of 2022. This is only 60 thousand less than Germany, whose exports have only been falling in recent years. Japan is ahead by a serious margin, of course.
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