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Ukraine war

Chinese cars, phones gain ground in Russia's sanctions-hit economy

3 Chinese auto brands grab 16% of shrinking market as global carmakers exit

Employees assemble Moskvich vehicles at a plant formerly operated by Renault in Moscow.   © Reuters

Western sanctions imposed on Russia during the Ukraine war have created an opening for Chinese-made autos and electronics to expand their market share in the country.

The Chinese groups Chery Automobile, Great Wall Motor and Geely Automobile captured a combined 16.5% of sales of new passenger cars and small commercial vehicles in Russia for 2022, up from 6.3% the year before, the Association of European Businesses reports.

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