According to the Russian "Izvestia" citing the results of a market survey, the sales share of Chinese automobile brands in the Russian market will exceed 50% in 2023.A market survey jointly conducted by the Russian consulting company OKS Labs and the "Romil" research company shows that the sales share of Chinese brand cars will increase from 7% in 2021 to 51% in 2023.Experts believe that the Russian automobile market has experienced structural changes in the past two years, and the supply chain, players and consumer preferences have all changed. More and more residents of Russian large cities are optimistic about Chinese electric vehicles and hybrid vehicles.Chinese manufacturers are actively expanding their share of the Russian market through measures such as localized production, vehicle model adjustments, dealer network expansion, and increased marketing expenditures.In the past two years, the number of automobile dealership centers in China has increased from 713 to 2,207.According to forecasts, with the help of car loan policies and related preferential conditions provided to automobile manufacturers, the Russian automobile market will continue to grow in the next few years, and the number of sales may reach 1.8 million vehicles in 2028.
