Chinese car takes over Russian market Is it because of luck or strength?
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What do you think of when you mention Chinese cars? Is it BYD, poor overseas sales, or China’s huge auto market? However, the poor overseas sales has been changed. China’s auto exports exceeded 2 million for the first time in 2021, a breakthrough that has hovered around 1 million for many years! 10 years ago, the annual export volume of China’s automobiles just reached 1 million, and after many years, the overall automobile export has shown a downward trend.
In 2018, this data returned to the millions level again, and it has been hovering at the one million mark for several years and stagnant until the explosive growth in 2021. In 2021, the export of complete vehicles exceeded 2 million for the first time, reaching 2.015 million, a year-on-year increase of 100%, ranking third in the world, second only to Japan with 3.82 million and Germany with 2.3 million. In the first five months of this year, the export volume of Chinese vehicles has reached 969,000 units.
Despite the impact of the epidemic, the export volume has reached a record high in the same period. Surpassing the second-ranked Germany, It is only a matter of time. One of the interesting changes is that in 2021, the sales of the Russian auto market was dismal, but the sales of a Chinese brand Haval increased by 125%, and the sales of Chery increased by 266%. Is it luck or chance that China’s car export sales exceed 2 million in 2021? Why are Chinese cars popular in Russia?
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