In the first half of the year, China exported 35,600 vehicles to Russia in an amount of 450 million U.S. dollars.
Xinhua News Agency, Beijing, August 13 (Reporter Zhang Duo and Qiu Xia) In recent years, with the rapid development of China's automobile industry, a large number of automotive products with competitive advantages have begun to go abroad and have become a hot commodity for concern. Russia is particularly prominent, jumping from sixth place in China’s national market in 2005 to first place in 2006, and this ranking has not changed in the first half of 2007. Chinese and Russian professionals said that in the future China-Russia automobile trade will develop rapidly and provide new impetus for the economic and trade development of the two countries.
According to statistics, during the first half of this year, China exported 38,600 vehicles to Russia, and the export value reached 450 million U.S. dollars, an increase of 355.8% and 477.6% year-on-year. According to Xu Haiguang, manager of the Import and Export Company of FAW Group, currently there are more than 25 million vehicles in Russia, of which half are facing scrapping and upgrading. Due to the slow technological upgrading of the Russian automotive industry, the relatively backward technology and quality of the products, and the annual domestic automobile production in Russia ranging from 1 million to 1.5 million, it is far from meeting the market demand. With the recovery and healthy growth of the Russian economy and the improvement of people’s lives, new vehicles ranging from $10,000 to $15,000 will become increasingly popular.
Due to Russia's huge market space and its special geographical advantages with China, many Chinese automobile companies are constantly strengthening their export business to Russia. At the "2007 China-Russia Automobile Trade Cooperation Forum" held recently, Fu Peizhao, deputy secretary-general of the Automotive Branch of the China Machinery & Electrical Products Import & Export Association, introduced Chinese auto companies such as Chery, Great Wall, CNHTC, Beiqi Foton, BAIC, China FAW and Zhengzhou. Yutong, Yuejin, Hafei, Shenyang Brilliance, Suzhou Jinlong, Zhongtong Bus and Hebei Zhongxing all achieved good results in the Russian market. He believes that China's automotive products have a vast market space in the Russian market with a good price/performance ratio. Moreover, China has a complete range of cars for export to Russia, including not only all kinds of passenger cars but also a variety of commercial vehicles.
Yuri Kovalenko, deputy chairman of the Chamber of Commerce and Industry of Russia's Binhai District, told reporters that Chinese products have left a good impression on him in recent years. Although he has not opened a Chinese car, his friends often praise him for Chinese car prices. Cheap and good performance. He hoped that Chinese cars could be upgraded to provide more advanced high-end products, and suggested that China and Russia jointly set up advertising agencies to better recommend Chinese brands to Russians.
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