Recently, Russia's authoritative financial and economic media Kommersant released the latest data, revealing the strong performance of Chinese automotive brands in the Russian market. As stated in the latest findings, sales of auto parts from Chinese automotive brands in the first half of 2024 increased by an astonishing 1.8 times, demonstrating the huge potential of Chinese auto parts in the Russian market.
 
Although specific figures were not disclosed, Kommersant clearly stated that several well-known Chinese automotive brands, such as Haval, Chery, and the premium sub-brand Exeed, have achieved significant growth. Among them, Haval's auto parts sales increased by 93% year-on-year, Chery's by 78%, and Exeed's by an astonishing 10 times.
 
Industry experts have expressed that the demand for Chinese auto parts in Russia will continue to grow. This prediction is based on the crucial fact that Chinese manufacturers now account for up to 60% of the new car market share in Russia.
 
However, it is noteworthy that despite the remarkable progress made by Chinese auto parts in the Russian market, data garnered from Avito, a Russian classified advertisements website, the primary demand in the current Russian auto parts market still focuses on South Korean, Russian, German, and Japanese brands.
 
Earlier, "Avtostat," a Russian automotive market analysis agency, pointed out that in June 2024, Chinese cars accounted for 61% of total new car sales in Russia. Throughout the first half of the year, the number of Chinese cars in Russia increased by 28.3%, reaching a total of 1.86 million vehicles. Brands such as Chery, Geely, and Haval have been the main driving force behind this growth.
 
With the continuous deepening of cooperation between China and Russia in the automotive industry chain, the future prospects of Chinese auto parts in the Russian market are promising.