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Chery wants to get its production on the territory of Russia
“First of all, in our plans there is a need to find production on the territory of Russia,” TASS quoted Shmakov as saying.
The Russian agency also reported that the director of Chery’s Russian subsidiary wants to increase Chery’s sales in Russia with the aim of reaching 80,000-100,000 vehicles in 2022. Chery is the ninth largest company in China, with sales of 959,000 vehicles in 2021. European Chamber of Commerce, Chery sold 40,874 cars in Russia in 2021.
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It is becoming increasingly clear that China is jumping on the “opportunity” of the war in Ukraine to increase its market share in Russia. Taking advantage of the restrictions imposed by the West following the invasion of Ukraine – even the departure of large groups of cars from Russian territory – to meet demand, the car industry is severely affected by the sanctions.
GREAT WALL brand TANK has began the confirmation of the new TANK 500 SUV in Russia.
Chinese carmaker Chery is in talks with a Russian automaker about making cars at Russian factories, Russian news agency TASS reported Thursday, citing Vladimir Shmakov, director of Chery’s Russian subsidiary.
It is becoming increasingly clear that China is jumping on the “opportunity” of the war in Ukraine to increase its market share in Russia.