Manufacturing News

Chinese vehicle exports to Russia jump 50%

Most Chinese automakers' exports to Russia have resumed strong growth this year with the Russian economy recovering from the global economic crisis.

Chongqing Lifan Industry Group Co. is the largest vehicle exporter to Russia. It sold 14,480 vehicles in Russia in the first 10 months of this year, up 50 percent from the year-ago period, according to the European Automobile Manufacturers Association.

Great Wall Motor Co.'s exports to Russia surged 88 percent year-on-year to 5,172 units through October, while Zhejiang Geely Holding Group Co. exported 3,992 units, up 50 percent from the year-earlier figure.

Other exporters are Haima Automobile Co. and BYD Co, with deliveries through October totaling 2,664 units and 1,485 units, respectively.

Chery Automobile Co. is the only Chinese automaker whose exports to Russia have declined. The company delivered 5,359 vehicles to Russia, down 33 percent year-on-year.

China's car exports to Russia remained strong in 2007 and 2008, but tumbled in 2009 after the Russian economy was hit hard by the global economic downturn.

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