AutomobilesChina's Great Wall Motor takes a bigger slice of Russian market
Sales of Chinese SUV maker soar as Western and Japanese peers exit
Great Wall has the second-best sales in Russia behind Lada, the iconic Russian brand produced by Avtovaz. © Reuters
KENJI KAWASE, Nikkei Asia chief business news correspondent
August 31, 2023 16:53 JST
HONG KONG -- China's largest SUV maker Great Wall Motor is rapidly expanding its market position in Russia, which has become the company's major profit generator amid weak growth at home, while Western and Japanese automakers continue to leave Russia after the invasion of Ukraine.