AutoBusinessReview publishes the financial results of car companies for the year 2023. It is clear from them that the Chinese companies that produce cars in Russian factories earned 1.82 trillion rubles (17,395,132,330 euros), which is a 46 percent increase compared to the profits of the previous year 2022.
Chery wins the most production in Russia, Haval is in second place, and Geely closes the trio.
In the past year, the Chery Automobiles Rus dealership increased its turnover by 3.8 times compared to 2022. The net profit of the Chinese company amounted to 34.7 billion rubles, which corresponds to an increase of 16.5 percent. The revenue of Haval Motor Rus is 323 billion rubles (3,087,158,100 euros), and Geely Motors - 200 billion rubles (1,911,553,003 euros). The Haval plant in the Tula region surpasses the mark of 100 billion (955,776,501 euros) in 2023.
It is interesting that the financial indicators of AvtoVAZ are no longer public, but analysts suggest that the turnover of the Russian car manufacturer increased in 2023 compared to 2022, when it amounted to 170 billion rubles (1,624,820 052 euros). Moskvich's revenue is 59 billion rubles, which is roughly equal to 563,908,135 euros.