Will Chinese manufacturers' factories appear in Russia?
Posted: Tue Jan 21, 2025 4:14 am
Today, a significant portion of Chinese cars are supplied to Russia. In such conditions, it seems that Chinese manufacturers would be interested in building car factories in the Russian Federation. But practice shows that this is far from true. High requirements for production capacity, recycling fees, fluctuations in the ruble exchange rate - these are the factors that make building factories in Russia unprofitable for the Chinese. It is much more reliable to find a partner for contract portugal telegram number database assembly or increase supplies of ready-made cars to the Russian market.
Another significant factor is the wariness of a significant portion of Russian buyers towards Chinese cars. And although their number is gradually increasing, the Russian market still seems insufficient to open a new plant for it. Especially since China risks running into US sanctions in this way.
With the introduction of new rules for calculating customs duties from April 1, 2024, cars imported from China, among others, will become more expensive against the backdrop of the closure of "gray" import schemes that car dealerships and traders previously used. But this will not reduce the number of offers. Chinese cars will continue to be supplied to the Russian Federation.
The Chinese auto industry has made a step forward and can supply the Russian market with transport. But the construction of Chinese auto plants in the Russian Federation in the near future is not to be expected.
Another significant factor is the wariness of a significant portion of Russian buyers towards Chinese cars. And although their number is gradually increasing, the Russian market still seems insufficient to open a new plant for it. Especially since China risks running into US sanctions in this way.
With the introduction of new rules for calculating customs duties from April 1, 2024, cars imported from China, among others, will become more expensive against the backdrop of the closure of "gray" import schemes that car dealerships and traders previously used. But this will not reduce the number of offers. Chinese cars will continue to be supplied to the Russian Federation.
The Chinese auto industry has made a step forward and can supply the Russian market with transport. But the construction of Chinese auto plants in the Russian Federation in the near future is not to be expected.