Hyperdrive
Chinese Cars Rise in Russia After Fury Drove Western Brands Out
- Chery, Geely, Great Wall fill void left by global automakers
- Spotlight may turn to web of partners, risking reputations
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Chinese car manufacturers are filling the void global automakers left by pulling out of Russia. So far, they’ve managed to avoid the backlash aimed at Western companies that tried to stay.
Carmakers including Geely Automobile Holdings Ltd., minivan maker Chery Automobile Co. and Great Wall Motor Co. known for its affordable Haval brand, grabbed 17% of Russia’s auto market in 2022 after most of the world’s biggest automakers, including Volkswagen AG and Toyota Motor Corp., exited the country following its invasion of Ukraine just over a year ago.