Domestic car brands may surpass Chinese in market share by the end of 2026

By the end of 2026, Russian car brands may surpass Chinese in terms of market share. This forecast was made by Sergey Tselikov, director of the analytical agency Autostat, TASS reported on August 31.

According to the analyst, by the end of the year, the share of Russian brands in the passenger car market in Russia may reach about 43%, while the share of Chinese brands will be about 41%.

As Tselikov said earlier, the shares of Chinese and Russian car brands in the Russian car market are almost equal. In the first seven months of this year, they amounted to 40.9% and 40.6%, respectively.

Sales of cars of purely Chinese brands during this period decreased by 17%, to 298.8 thousand units. At the same time, sales of Russian brand cars, including new ones, increased by 35% to 296.7 thousand units.

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On the same day, the Russian government approved an updated strategy for the development of the automotive industry until 2035. The main priorities are to increase production and increase the technological independence of the industry. The total production of vehicles of all segments should reach at least 2.8 million units.