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Daily Newsletter

27 June 2024

Daily Newsletter

27 June 2024

China’s Zeekr sales surge in Russia

Up 350% on previous year

Dani Cole June 27 2024

Sales of Zeekr EVs have jumped in Russia in the last year, according to data from Russian analytical agency Autostat.

From May 2023 to April 2024, 20,500 new EVs were sold in the country, an increase of 350% on the previous year, with Chinese brands accounting for over half of sales, Reuters reported.

In comparison, Russian automakers sold fewer than 4,000 new EVs in that time.

Chinese automakers have rapidly filled the gap left by western automakers in Russia, since its invasion of Ukraine in 2022 and subsequent economic sanctions imposed by the EU.

While the Europe and US have sought to propose import tariff hikes on Chinese EVs over fears of unfair competition, Russia, a trade ally of China, has welcomed Chinese brands into its auto sector.

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