MOSCOW, July 15. /TASS/. The share of car brands from the People’s Republic of China on the Russian market exceeds 40%, a source in the Russian Automobile Dealers Association told TASS, adding that over 20 Chinese car brands are currently presented in the country.

"There are more than 20 brands from China in Russia. <…> That said, brands from China already have the share in sales of new cars of over 40%," the source noted.

In particular, official sales of IXEN, Baic and Jetour-branded cars started in June in Russia. Moreover, Byd, Brilliance and Zotye cars supplied under the parallel import mechanism are available.

President of the Russian Automobile Dealers Association Alexey Podshchekoldin said in April that more than 15 Chinese brands were present on the Russian market at the moment.

According to information provided by PPC JSC on sales of new vehicles based on data on their transfer to owners, June 2023 was marked by an increase in sales by 133%, or by 49,872 units compared to June 2022, and amounted to 87,357 cars, while in the first half of the year the market grew by 9.9% to 428,300 units, the Association of European Businesses (AEB) said earlier. Chinese Chery, Haval, Geely, Exeed, Omoda and Changan were among top ten best-selling brands in the period.