Starting January 1, 2025, Russia will increase the import tariff on cars from 20 percent to 38 percent, raising Chinese car customs clearance fees by up to 370,7 U.S. Dollars. Chinese car brands have clearly recognized this risk. According to reports, in the first quarter of 2025, among the 274 closed car showrooms in Russia, about 213 were Chinese brands, accounting for 78 percent.
Leading car manufacturers are also scaling back. Chery Automobile disclosed in its prospectus, “In 2025, we will begin to reduce our operations in Russia and have agreements in place to sell some local assets and distribution channels.” It is worth noting that Chery has been one of the best-selling Chinese brands in the Russian market in recent years, with its EXEED brand even becoming a dark horse in the high-end market.
An automobile exporter admitted, “Since the scrap tax increase, we have paused our Russian business.”
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