🚨 Chinese Automakers in Crisis! 🚨

What looked like a goldmine in 2023 has turned into a shrinking market by late 2024. After Western brands left Russia post-Ukraine invasion, Chinese manufacturers filled the gap — but Moscow’s $8,000 recycling fee and skyrocketing interest rates hit buyers hard.

📉 Impact:$BTC

BTC

68,987.93

-1.37%

Russian car sales ↓ 27% in 6 months

Chinese car imports ↓ 62%

🚗 Chinese Brands Losing Ground:

Geely exports ↓ 8%

Great Wall Motor barely breaks even

Chery growth slowed to 11% (from 25% last year)

Meanwhile, BYD doubled overseas sales without entering Russia! 🌍

⚠️ Geopolitics Adds Pressure:

Trump warns of 100% tariffs if BRICS reduce USD reliance

BRICS virtual summit discusses multilateral trade

Global tensions + tariffs = risky export strategy

💡 Key Takeaways:

Russia auto sales collapse

Chinese brands losing momentum

BYD thriving overseas

Geopolitics shaping global auto trade

#china #russia #BYD #AutomotiveIndustry #BRICS