Chere will not leave the Russian markets

A source in the Russian branch of the company told the Russian “RBC” agency: “The Chery brand will not leave the Russian markets,” a source in the Russian branch of the company told the Russian “RBC”.

The Japanese Nikkei Agency had stated earlier that the Chery brand may leave Russian markets by 2027, and according to the agency, “the Chinese company made this decision to avoid the sanctions imposed on Russia, to enable the company to include its name on the Hong Kong Stock Exchange, and that the company plans to raise about $ 1.2 billion in the sale of its assets in Russia.”

For its part, the Russian “RBC” agency indicated that the Russian market is the second largest sales market for Chere after the China market, as more than 25.5 % of the company’s total revenues represented last year, and that Chere has become one of the most popular automobile companies in Russia after many Western companies left Russian markets in 2022, at the end of August the company ranked third in the list of the best -selling brands for cars in Russian markets, In the Russian market, it sold 11,000 cars, followed by Lada and Haval.

The agency noted that the demand for cars, including the Chinese, witnessed a remarkable decline in Russia this year. In the first seven months of 2025, sales of new cars decreased by a quarter compared to the same period in the previous year.

Source: rbc.ru