Belgee

Russian Spring Car Demand Up 14.6%: Chinese Brands Hold 60%+ Market Share

Russian new car demand in spring 2026 rose 14.6% year-over-year, with Chinese brands growing 33% and holding over 60% market share. Exeed RX demand surged nearly 5x, while Hongqi and Belgee grew 3.5x. Average new car prices reached 3.5 million rubles, with Chinese brands now dominating the mid-to-high-end market.

280 views2026-06-06

Russia's Taxi Localization Mandate Takes Effect; Chinese OEMs Race to KD Assembly

Russia's mandatory localization decree for the taxi industry has formally taken effect, requiring new taxi registrations from 2027 onward to meet minimum local content standards. Great Wall and Geely have urgently initiated KD kit assembly partnership negotiations, seeking to bypass policy barriers through local production to preserve this B2B market exceeding 150,000 annual units.

473 views2026-05-19