A market survey recently released by Otklije Bank, a large Russian commercial bank, shows that in 2023, the share of Chinese brand cars in the Russian market will increase to 49%.
This survey shows that in 2023, the sales of Chinese brand cars in Russia will exceed 500,000 vehicles for the first time, reaching a record of 553,000 vehicles, and the market share in Russia will soar from 17% in 2022 to 49%.
The survey also showed that a total of 30 Chinese car brands officially entered the Russian market last year. The most popular local Chinese car brands include Chery, Haval and Geely.
Analysts at Otklije Bank said that Chinese car sales in Russia are expected to further increase this year.
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