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Automotive Feb 14, 2022 07:39 AM (GMT+8) · EqualOcean
According to the data released by the European Business Association recently, the total sales volume of Chinese brand cars in Russia reached 115700 in 2021, double that in 2020, and the share of passenger car market in Russia increased to nearly 7%. Chinese brand cars are increasingly favored by Russian consumers. Russian automobile industry media and experts are optimistic about the development prospect of Chinese automobile brands in Russia. In order to stimulate automobile consumption, the Russian government has formulated a budget of 20 billion rubles (about 1.7 billion yuan) to provide vehicle loan concessions, car purchase subsidies and other support measures.