China is now the world’s largest auto exporter with Russia becoming its biggest buyer this year. The Ukraine War and Western sanctions on Russia opened business opportunities for Chinese automakers to move into Russian factories. But what are some of the risks facing Chinese carmakers as a result of working in Russia?
WSJ explains how Chinese car brands profited from Moscow’s invasion of Ukraine and Western sanctions and what it means for Russia’s automobile market.
0:00 International sanctions
0:50 Russia’s automobile market
1:48 China capitalizes on sanctions
2:56 Risks for China’s carmakers
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