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Chinese Cars Lose Almost Half Their Value in a Year: Causes and Prospects
... strengthening their positions in Russia over the past few years. This has been made possible by:
A wide range of models, from budget sedans to premium SUVs.
Competitive pricing on new vehicles.
Expansion of dealer networks.
However, the appealing prices of new cars from China do not guarantee stable residual values. For instance:
A new 2023 Geely Coolray starts at 3.1 million rubles, but its price plummets to 1.7 million rubles after one year.
A similar trend is observed with other popular models.
In contrast, German-made ...
It became known about China's plans for the electrification of motor vehicles.
... of minerals essential for the "new" energy sector, which supports the development of the electric vehicle industry.
Moscow, January 23 - PRIME. Chinese companies will push for the electrification of transportation to compensate for losses from declining sales in the U.S., meaning the share of electric vehicles in passenger car sales in China could exceed 70% by 2027, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti.
Earlier, U.S. President Donald Trump announced plans to impose an additional 10% tariff ...
Chinese Electric Vehicles: A New Era in the Automotive Industry
... cars and hybrids, and analyze the impact of this trend on gasoline demand. We will discuss the active expansion of Chinese manufacturers such as BYD into international markets and their impact on the Russian car market, where more than 90% of imported cars come from China. Find out about the prospects for the development of electric vehicles and their impact on the economy. Don't miss out!
Chinese Electric Vehicles: A New Era in the Automotive Industry
Dominance in the Chinese Domestic Market
The Chinese electric ...
BMW and Mercedes Could Return to Russia: What It Means for the Market and Investors?
... environmentally sustainable transportation solutions in Russia.
Opportunities and Risks for Investors
For investors, the return of German car brands presents certain prospects:
Promising Investments in the Automotive Sector:
If German brands indeed return to Russia,... ... profitability and make stocks of German manufacturers more attractive.
Reduction of Market Risks:
The presence of several major players from different regions (Europe, China) will lessen market dependence on a single supplier, making it more resilient to potential risks such as political instability ...
Electric Vehicles in the USA Increased Electricity Consumption by Nearly 70%
... vehicle fleet. According to counting by the International Energy Agency (IEA), sales of passenger electric vehicles and plug-in hybrids in the U.S. rose from 1.39 million units in 2023 to 1.52 million in 2024. The share of electric vehicles in passenger car sales increased from 9.5% in 2023 to 10% in 2024.
The U.S. still lags behind China and EU countries in this metric, where the share of electric vehicles accounted for 48% and 21% of passenger car sales respectively in 2024.
According to the IEA, sales of passenger electric vehicles in Russia in 2024 reached 32,600 units, with ...