Russia Import

Khorgos Port NEV Share Nears 50%, Central Asia-Russia Corridor Accelerates Green Transition

Khorgos Port exported over 3,000 commercial vehicles between January and May 2026, with new energy vehicles accounting for nearly 50% of the total. Major destinations include the five Central Asian states, Russia, and Belarus. Customs clearance time has been compressed from 2 days to 3 hours. Meanwhile, China's passenger vehicle exports reached 187,000 units to Russia, 167,000 to Brazil, and 109,000 to the UK in Q1 2026, showing simultaneous acceleration across multiple global markets.

45212 days ago

ICE Vehicles Drop 23K Yuan in Price, Yet Sales Plunge 37%

In May 2026, China's ICE vehicle market saw a rare divergence: average prices fell 23,000 yuan, yet sales plummeted 37% year-over-year. The sub-150,000 yuan ICE segment shrank from 45% market share in 2024 to just 28%. Dealer inventory coefficients rose to 2.8, far exceeding the warning threshold of 1.5, with some brands facing dealer loss ratios exceeding 60%.

34952 days ago

China May Ban ICE Vehicle Sales After 2035 — What Buyers Need to Know

China's Ministry of Industry and Information Technology recently released a draft proposal suggesting a potential ban on fossil-fuel vehicle sales after 2035. In May 2026, China's NEV penetration rate surpassed 62.5%. Major automakers including BYD, Changan, Great Wall, and Geely have all committed to halting pure ICE vehicle sales by 2025. Gas station numbers have declined for three consecutive years, and used ICE vehicle residual value dropped from 65% to 52%.