Sales of Chinese cars in Russia have hit fresh records after the country became the largest export destination for the Asian nation’s automakers when sanctions forced western brands to cut ties with Moscow.
Surging in Russian sales have helped Chinese carmakers at a time when Beijing faces higher tariffs on electric vehicle exports from Washington and Brussels — while engineering a rapid change in Russian auto culture.
Moscow’s full-scale invasion of Ukraine sparked a sharp decline in sales of vehicles from the European, Korean and Japanese carmakers that previously dominated the country’s car market.
At the time of the full-scale invasion in February 2022, their brands made up 69 per cent of all sales, according to the Avtostat analytics agency. They now have a market share of just 8.5 per cent, while Chinese manufacturers’ share over the same period has risen from 9 per cent to 57 per cent.
At the time of the full-scale invasion in February 2022, their brands made up 69 per cent of all sales, according to the Avtostat analytics agency. They now have a market share of just 8.5 per cent, while Chinese manufacturers’ share over the same period has risen from 9 per cent to 57 per cent.
That is massive, damn. Completely switched places.
i hope that my 17 year old car holds out a little bit longer so that I can get a chinese EV at 1/2 the price of the telsa and with 95% of the capability; i will no longer buy american cars.
Aren’t they too fucking poor to afford cars right now?
No? Despite Imperial core sanctioning efforts, Russia is doing fairly well. You wouldn’t know it from Western government propaganda or Western corporate media, though.
https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=RU&start=2019&end=2023
The RF’s central bankers keep trying to tank their economy but it isn’t working because of all the direct investment required to offset sanctions. They are maxing out debt costs, basically, trying the neoliberal “fighting inflation” strategy that does the exact opposite most of the time. It makes them precarious economically despite how well they’re doing but for a very different reason than “sanctions are working”. If they kicked out their neoliberals it would be smooth sailing.
US sanction power is not like it was in the 1990s. I think most people don’t realize that.
I mean, we all are
Being poor is why I had a Chevrolet Spark once. I would have bought a Chinese car if I could.
Removed by mod
We have trackable proof of market shifts, I’m not sure what you mean here. The RF’s economic conditions aren’t wonderland, but the war-time economy and increased focus on domestic production means the sanctions backfired a bit, and pushed Russia towards China instead. This is reflected in the market shift.
Car sales on the RF are up something like 50% over last year and last year had relatively normal numbers.
Ok, leave?
OK, defed and stop showing up in my feed.
…Or you can just leave? No one’s forcing you to stay here lmao
Yeahno. The Lemmyverse doesn’t revolve around you. Curate your own fucking feed.
