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చైనా కార్లపై రష్యా పన్నులు పెంచింది: ట్రంప్ ఎఫెక్ట్? Russia Hikes Taxes On China Cars: Trump Effect?
China is selling loads of cars in Russia — and Moscow is not too happy
Chinese automakers sold more than one million vehicles to Russia last year, a sevenfold increase from the previous year, according to figures from the China Passenger Car Association (CPCA) reported by The Financial Times. Russia is China's biggest export market, with a share of about 30%.
The rise prompted Moscow to raise import taxes on most cars to about $7,500 in recent weeks, up from about $5,790 in October, with further annual increases planned.
Chinese brands owned by manufacturers including Chery, Geely, and Great Wall Motor have close to two thirds of the Russian auto market, according to the CPCA. Most have internal combustion engines, reflecting low demand for electric vehicles in Russia.
In response, Chinese EV manufacturers such as BYD, Geely, and SAIC are expanding overseas through strategic investments and local production facilities to help avoid tariffs and tap into growing demand.
https://www.msn.com/en-ie/money/markets/china-is-selling-loads-of-cars-in-russia-and-moscow-is-not-too-happy/ar-AA1AG9Sn