Russian Demand Surge Boosts Chinese SPV Exports

In 2023, China surpassed Japan for the first time to became the largest exporter of automobile vehicles in the world, among which Russia was the country with the largest export volume.

Heihe Port is often full of vehicles after the highway bridge opens to traffic, and batches of export vehicles can be seen everywhere.

According to the relevant data of Bengbu Municipal Bureau of Commerce and Foreign Affairs, trucks, crawler excavators, road tractors and buses rank among the top 10 popular products exported to Russia.

The program of preferential housing mortgage loan program launched in Russia has further stimulated the growth of construction and infrastructure projects, which has led to an increase in the demand for special purpose vehicles.

"The preferential equipment leasing plan is the main driving force behind the sales growth of heavy trucks, special vehicles and construction machinery," Nie Zong said. "Chinese brands SHACMAN (1,668 vehicles), FAW (1,501 vehicles), Sinotruk (1,457 vehicles) and Dongfeng (677 vehicles) entered the top five in Russia's new truck market in November 2023."

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China Special Vehicle Adivsor