Russian car market dominated by Chinese brands including Li Auto

March gross sales figures from Russia present that Chinese language manufacturers now dominate the market holding 9 out of the highest ten best-selling model positions with solely homegrown champion Lada outselling them. Much more stunning is that a kind of manufacturers is Li Auto, which up till now was broadly believed to not export automobiles.

– Commercial –

Russia final yr was China’s largest automobile export market with gross sales of 841,000 from January to November 2023. In keeping with figures from China Automotive Digital Analysis Institute this wave reveals no signal of abating.

Though gross sales of Lada far exceeded gross sales of any Chinese language model, and have been up by 64.5%  in March and by 43.2% YOY for the primary three months, the will increase from some Chinese language manufacturers have been a lot larger.

– Commercial –

Nice Wall’s Haval model together with Geely, and Chery all achieved fairly shut outcomes with gross sales of 16,045, 15,004 and 13,159 respectively in March.

Each Geely and Chery in reality did even higher as they appeared on the highest ten record greater than as soon as. Within the case of Geely additionally they gained the quantity 9 place because of Geely Belgee which is a three way partnership primarily managed by Belarusian state automaker BelAZ (51.5%) and Geely (33.5%) with the rest held by different Chinese language entities. It must be famous although that these automobiles are literally made in Belarus somewhat than China.

Chery however additionally had entries from the Exceed model at quantity 6, Omoda at quantity 7 and Jetour at quantity 10. Omoda is an export solely model for numerous Chery automobiles first debuting with a renamed model of the Chery Omoda 5 and initially used as a model in Russia and Kazakhstan.

– Commercial –

The most important information nevertheless on the record is Li Auto a model which is mostly considered working solely in China. Li bought 3,617 automobiles in Russia throughout March which was a 14971% improve YOY and the model bought 8.049 within the first quarter up by 19532%.

The  full outcomes may be seen within the desk under. These point out that Russia will doubtless stay China’s key export market and that gross sales in Russia must be nicely up on final yr and certain will quantity to nicely over one million automobiles in 2024.  

Supply: Quick Know-how