Chinese automakers' exports to Russia have resumed strong growth this year as the Russian economy recovers from the global economic crisis of 2009.
Chongqing Lifan Industry Group Co. is the largest vehicle exporter to Russia. It sold 14,480 vehicles in Russia in the first 10 months of this year, up 50 percent from the year-ago period, according to the European Automobile Manufacturers Association.
Great Wall Motor Co.'s exports to Russia surged 88 percent year-on-year to 5,172 units through October, while Zhejiang Geely Holding Group Co. exported 3,992 units, up 50 percent from the year-earlier figure.
Other exporters are Haima Automobile Co. and BYD Co, with deliveries through October totaling 2,664 units and 1,485 units, respectively.
Chery Automobile Co. is the only Chinese automaker whose exports to Russia have declined. The company delivered 5,359 vehicles to Russia, down 33 percent year-on-year.
China's car exports to Russia remained strong in 2007 and 2008, but tumbled in 2009 after the Russian economy was hit hard by the global economic downturn.
Last week, the Association of European Businesses (AEB) said that Russian car sales are expected to grow 12 percent next year to 2.8 million units, down from around 30 percent growth in 2011, but maintaining a recovery that should bring the market to the cusp of pre-crisis levels.
The AEB has upgraded its forecast for 2011 to 2.55 million from 2.45 million.
Russia was on course to overtake Germany as Europe's biggest car market before the financial crisis, but a collapse in demand as credit dried up caused sales to halve in 2009.
Russian year-to-date sales came in at 2.16 million last week, up 43 percent from the same period in 2010 and above the 1.9 million sold in the whole of that year.
ANE staff contributed to this report