Chinese car sales in Russia plummet as market share collapses

Sales of new Chinese passenger cars in Russia declined 14 percent year-on-year in April to 47,700 units, according to TASS, as Chinese automakers lose ground in the Russian market.

The market share held by Chinese brands fell sharply from 55 percent one year earlier to 41 percent in April. The decline suggests increased competition from other foreign producers or shifting consumer preferences in Russia.

Russia has become heavily dependent on Chinese vehicle imports since Western manufacturers withdrew following sanctions imposed over the Ukraine invasion.