TechnologyAutoworld News: The prospects of a new Chinese auto...

Autoworld News: The prospects of a new Chinese auto brand in Russia are assessed


The Russian market may or may not accept the Chinese premium car brand Hongqi, it is difficult to predict reactions, but the company has prospects, including in the luxury segment. This opinion was expressed in an interview with Radio Sputnik by the editor-in-chief of the magazine Za Rulem Maxim Kadakov.

He said Hongqi used to produce high-end cars for the ruling Communist Party of China and it was impossible to buy them for easy use, but now everything has changed and the company has started exporting its cars.

“As for our market, there is always one question – what kind of car will we have, with what productivity. If in the one in which it is sold in China, then the question arises about the price and to whom this car is aimed. Here it is possible to have completely different incredible reactions from the market, according to which scenario everything will go, not so clear. For example, when Genesis, Hyundai’s luxury brand, appeared, many skeptics said they would not buy these cars because there were BMWs and Mercedes. “But they started buying because even people with money count money,” Kadakov said.

He added that Chinese cars are much better now but also more expensive, i.e. Hongqi is a segment above Genesis and is trying to compete with Maybach, Bentley, AURUS. Kadakov is confident that initially the brand will sell only pieces, but in the future may increase its share of the Russian market, including in the luxury segment.

Earlier it was reported that by the end of 2022, sales of Chinese manufacturer Hongqi cars may begin in the Russian Federation. But there has been no official confirmation of this information yet.

Source: rambler


Please enter your comment!
Please enter your name here

Latest news

Japan backs Ukraine, Moldova EU candidate status

The Government of Japan supports the decision of the EU leaders to grant candidate status for membership in the...

The death toll from a plane crash near Ryazan has risen

An IL-76 military transport plane crashed in the Ryazan region. Three people died in the accident and six...

The DPR said the republic had moved 90% into Russian law

Deputies of the People's Council brought 90% of the legal framework of the Donetsk People's Republic into Russian. ...

Macron’s romp

While the landslide victory of Juanma Moreno in Andalusia returns the Partido Popular to its status as a center-right...

Ukrainian MPs have decided to go to South Korea for humanitarian aid

Seoul is waiting for the official visit of the Ukrainian parliamentary delegation, Yonhap reports. According to the agency,...

Four months of Russian invasion: “It is freedom or death for us”

A funeral procession leaves the church of the military garrison of St. Peter and St. Paul in Lviv to...

Must read

The Vatican was the first in Europe to pay Russia for gas in rubles

The state bought the national currency from the Central...

You might also likeRELATED
Recommended to you