Chinese automaker Chery begins assembling vehicles in Russia at former Western factories, dominating over half of Russia's car market.

Chinese automaker Chery has started assembling vehicles in Russia at three factories previously used by Western companies like Volkswagen and Mercedes. This move comes as Chinese brands now dominate over half of Russia's car market following the exit of Western firms due to the Ukraine conflict. Chery accounts for nearly 20% of Russian passenger car sales, aiming to enhance local production and expand into over 60 new markets within three years.

October 10, 2024
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