According to industry analysts, the Russian car market is poised for significant growth in 2024, with projected new car sales reaching up to 1.45 million units for the year. This expectation reflects optimism in the market driven by economic recovery and increased consumer confidence. As global supply chain issues gradually ease, Russian car manufacturers and importers are gearing up to ramp up production and supply to meet demand across various vehicle segments. These measures are expected to intensify market competition and offer consumers a wider range of choices. The growth of the Russian car market is bolstered not only by domestic demand but also by supportive government […]
A new report released by the consulting company ALIXPARTNERS recently shows that it is expected that Chinese auto manufacturers will continue to expand rapidly in overseas markets, and will account for 33%of the global automotive market by 2030. In contrast, the share of Chinese car companies in the global automotive market this year is expected to be 21%. The growth of most market share will come from markets outside China. It is expected that by 2030, the sales of Chinese car companies in overseas regions will increase from 3 million this year to 9 […]
According to Reuters, according to the latest prediction data from the European Enterprise Association (AEB), due to the response to the Russian market to imports and high interest rates, the agency has raised its expectations for Russia’s car sales in 2024. Reuters reported that after the Russian -Ukraine conflict was upgraded in 2022, the Russian automotive market was severely hit, and most Western car manufacturers withdrew from the market. At present, the Russian automobile market is gradually recovering, and Chinese automakers have been filling the market gap left after the withdrawal of Western competitors. […]
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A few days ago, the European Union decided to impose a temporary additional tax of up to 38.1%of Chinese electric vehicles. At present, this resolution has not imagined “the hearts of people.” Not only did China protest against the European Union’s tariffs, but EU member states such as Germany and Hungary also strongly opposed it. European native car companies, especially German car companies, are worried that they will be “countermeasures” by China. Another survey shows that Chinese companies’ electric vehicle sales and investment enthusiasm in Europe have been impacted. Recently, the European Union […]
After Hungary joined the European Union, it became a car manufacturing assembly base in European countries and component suppliers of large multinational enterprises. It has a deep foundation for the automotive industry. After the European debt crisis, the Hungarian government proposed a “development to the east” strategy, and used electrification as a new development direction of the automotive industry. Industrial chain and new energy vehicle supply chain new investment hotland. In view of this background, Gai Shi Automobile focuses on discussing Chinese companies’ development strategies for the Hungarian market from two aspects: market status and progress. Macro • Stable economic environment: Hungary recovers rapidly from the […]