Chinese automakers such as Chery and Geely sold more than a million cars in Russia last year, prompting Moscow to increase ...
The report shows that Chery leads among Chinese cars in Russia, accounting for over 20 percent of all registered Chinese vehicles with 528,200 units. Geely follows with 422,400 cars, while Haval ...
Geely also faces geopolitical risk. The company derived about 10% of revenue from Eastern Europe, mainly Russia and Belarus, in 2023. In addition, it has a plant in Belarus, which seems less ...