In October 2023, China exported 736,000 cars to Russia, a year-on-year increase of 489%.

Recently, according to foreign media reports, Russian President Vladimir Putin stated in a live broadcast and annual press conference held in Moscow on the 14th that Chinese cars are currently taking over the market share of European cars.

According to Putin, this is not only happening in Russia; one of the reasons for this phenomenon is the improvement in the quality of Chinese products.

Putin said that the prices and quality of Chinese cars are increasing, and their cost-effectiveness provides more choices for Russian car lovers.

Previously, Cui Dongshu, secretary general of the China Passenger Car Association, published an article showing that China's automobile exports in October 2023 were 526,000 units, a growth rate of 47%. From January to October, China's automobile exports were 4.24 million units, with an export growth rate of 58%.

Among single markets, the export growth of domestically produced cars to Russia was the largest. In the first 10 months of this year, China exported 736,000 cars to Russia, a year-on-year increase of 489%, making it the market with the strongest growth rate.

In addition, in October this year, China exported 97,000 vehicles to Russia, a year-on-year increase of 425%. Among them, the surge in exports of heavy trucks and tractors made a huge contribution to Russia.

Zikuai Technology