中国汽车对俄罗斯出口锐减

Core Viewpoint - The export volume of Chinese automotive companies to Russia has sharply decreased by 49% from January to April, primarily due to the Russian government's protective policies for its domestic industry, which have increased the recovery fees for imported vehicles [1][4]. Group 1: Export Trends - From January to April 2024, the export volume to Russia was only 155,000 units, a significant drop compared to previous years [4]. - In 2024, the expected export volume to Russia is projected to be 1.28 million units, a sevenfold increase from 2022, with Chinese brands capturing 58% of the new car sales market in Russia by 2024 [4]. - However, the momentum for Chinese automotive companies is slowing down, with a 69% decline in exports in April alone [4][6]. Group 2: Market Dynamics - The Russian government has raised the recovery fees for imported vehicles, effectively functioning as a tariff, leading to a price increase of over 10% for imported cars [4]. - The economic slowdown in Russia is expected to further impact the automotive market, with predictions of a 10% decrease in new car sales by 2025, dropping to 1.43 million units [5]. - Chinese automotive companies, including Chery and Great Wall Motors, are adjusting their strategies in Russia due to increasing uncertainties and are reducing their reliance on the Russian market [6]. Group 3: Competitive Landscape - The exit of Japanese and European automotive brands from the Russian market post-Ukraine invasion initially allowed Chinese brands to fill the gap, but the current protective measures are creating challenges [3][4]. - The overall export volume of Chinese automobiles globally increased by 15% from January to April, reaching 2.16 million units, but the share of exports to Russia is now less than 10% [6]. - Competition in regions like Central and South America and the Middle East is expected to intensify as Chinese companies improve their performance across various vehicle types, including electric and hybrid vehicles [6].