Russian Car Tycoons Turn to China to Revitalize Production for European Auto Market Expansion
Friday, 22 March 2024, 04:02
Russian Car Tycoons Seek Chinese Assistance
Russian carmakers are looking to restart production in a bid to strengthen their position in Europe's auto market.
Market Potential in Europe
Before the war, Russia used to produce about 1.5 million vehicles yearly, aiming for market leadership in Europe.
Strategic Collaboration with China
By seeking help from China, the car tycoons hope to revitalize their production and boost sales in the European auto sector.
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