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Russia ranks top auto export market for China

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Russia ranks top auto export market for China

2024-05-17 02:21 Last Updated At:05-18 01:41

Russia became the top market for Chinese auto exports in 2023, according to the China Association of Automobile Manufacturers.

Last year, China exported over 900,000 vehicles to Russia. The impressive figure accounts for 17 percent of China's total car exports and was double the number sent to Mexico, which ranked second.

Sales of Chinese cars to Russia have seen a significant increase since the outbreak of the Ukraine crisis, with many Western countries imposing export bans. Chinese automakers sold a record-breaking 553,000 cars in Russia in 2023, accounting for almost half of the country's auto market.

A study conducted by the auto business unit of Russia's Ot-kri-tie Bank revealed that nearly two-thirds of Russians consider Chinese automobiles to be a suitable replacement for the foreign cars that have left the Russian market.

Around 59 percent of respondents in the survey also noted an improvement in the quality of Chinese cars.

Russia ranks top auto export market for China

Russia ranks top auto export market for China

Russia claimed on Wednesday that its forces attacked the ammunition depots of Ukraine, while the Ukrainian said they destroyed military equipment of Russia, according to their latest updates on the conflict.

The Russian Defense Ministry said in a briefing released on Wednesday that its military gained advantageous positions in multiple areas, striking Ukrainian ammunition depots, artillery systems, and other targets.

They also intercepted rockets, aerial bombs, and drones launched by Ukraine, said the Defense Ministry.

On the same day, the General Staff of the Armed Forces of Ukraine reported that Ukrainian forces were engaged in combat with the Russian military in various directions, including Pokrovsk.

They launched powerful strikes against Russia, resulting in the destruction of Russian personnel and weaponry, it added.

A spokesperson from the Zaporizhzhia nuclear power plant stated that the city of Energodar, where the nuclear power plant is situated, experienced a power outage due to the Ukrainian drone attack on a local substation, according to a report by Russia's TASS news agency on Wednesday.

But operation of the nuclear plant was not affected, said the report.

Following the drone attack, Ukrainian armed forces commenced artillery bombardment on the city, said a TASS report.

Russia strikes Ukrainian ammunition depots, Ukraine destroys Russian military equipment

Russia strikes Ukrainian ammunition depots, Ukraine destroys Russian military equipment

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