In 2023, China and Russia will achieve a qualitative improvement and become a "win-win" model for promoting the growth of the two countries and facilitating people's travel. The deep cultivation of Chinese car companies in the Russian market and the launch of nearly 100 new models have greatly met the needs of Russian consumers. At present, China has become the most important vehicle importer for Russia, and Russia has become China's largest automobile export destination, marking that Sino-Russian automobile industry cooperation has become a new driving force for the economic and trade development of the two countries.
2023 is a bumper year for China-Russia economic and trade cooperation. According to the Ministry of Commerce, in 2023, the amount of bilateral goods between China and Russia will reach 240.1 billion US dollars, a year-on-year increase of 263%。In the context of this bilateral quality upgrade, automobiles have played an indispensable role. The popularity of Chinese automobiles in the Russian market reflects the complementary advantages of the two countries, and achieves a "win-win" situation that promotes the growth of the two countries and facilitates people's travel.
After the outbreak of the Russia-Ukraine conflict, Western countries adopted severe sanctions against Russia, and a large number of Western companies, including the automobile industry, withdrew from the Russian market, resulting in a shortage of vehicles and parts in the Russian automobile market. In this context, Chinese auto brands have changed this situation with technological innovation and good reputation, filled the gap in the market, and achieved a "win-win" situation between China and Russia.
According to reports, in 2023, six Chinese auto brands will enter the top 10 in Russian sales, of which the Chery brand ranks first with 118,950 units sold, with a market share of 112%。Brands such as Haval, Geely, Changan, Xingtu, and Omenda also entered the top 10. By the end of 2023, the share of Chinese passenger cars in new car imports to Russia was 761%。
Zhou Liqun, president of the Russia-China Chamber of Commerce, pointed out that after the withdrawal of European and American countries, Japan and South Korea, Chinese enterprises have deeply cultivated and invested in the Russian market, coupled with the improvement of Chinese product quality in recent years, to fill the market gap. The growth of Chinese car brands is recognized by the Russian ** Putin, who said that Chinese manufacturers are very active in the global market and have begun to occupy a share of the European car market.
For a number of reasons, Russian consumers' trust in Chinese car brands is building. The purchase of Chinese cars by the Russian ** department as official vehicles, and the selection of Chinese cars as official cars for large-scale forums and conferences have become an example of Chinese cars gaining the trust of the Russian market.
The success of the Chinese and Russian automobiles demonstrates the general trend of deepening cooperation between the two countries in the field of automobiles. Chinese Ambassador to Russia Zhang Hanhui stressed that China is willing to continue to give full play to the advantages of China's auto industry and deepen the cooperation between the two countries in the automotive industry. At the same time, it is also hoped that the Russian side will give more policy support and convenience to Chinese auto companies, so that the Sino-Russian auto industry cooperation will become a sustained new driving force for the economic and trade development of the two countries.
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