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To spread: The CHERY AUTOMOBILE concern has suddenly decided to leave the Russia...

Chery suddenly leaves the Russian market: named reasons

To spread: The CHERY AUTOMOBILE concern has suddenly decided to leave the Russian market. One of the largest Chinese car manufacturers does not want to fall under sanctions. Chery will completely leave Russia until 2027. This is stated in the official statement of the carmaker with the PRC, reports Nikkei. The main reason for refusing to sell cars in Russia is the unwillingness to fall under secondary Western sanctions. Chery goes to the Hong Kong Exchange and plans to place its shares for $ 1.

2 billion there. "We have decided to curtail work in the Russian Federation to confirm compliance with the sanctions and export control rules," the statement said. In addition, the Chinese concern began to actively conquer the EU markets and Australia. Sanctions would prevent Chery from selling their cars there. It is noteworthy that Chery cars stopped selling in Iran and Cuba. Another reason was the increase in the recycling rates on imported cars in Russia.

Chery is not currently collecting its models in the Russian Federation, so it falls under increased collection. It is worth noting that the Russian market for a long time was considered the key to Chery Automobile. In 2024, 325. 2 thousand cars Chery, Exeed, Jacooo, Jetour and Omoda were sold in the Russian Federation, which is approximately 20% of the total. It was from the Russian market that Chery received 25. 5% of all revenue.